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Midcap Growth Funds Power Ahead Amid March Malaise
FYI: March left motion-sick investors in mutual funds adrift in a sea of red. U.S. diversified equity funds slipped an average 0.3% last month. They were up 2.5% for the first quarter as a whole.
Stock funds were buffeted by several cross-currents: A slowdown in the U.S. economy, brought on in part by a brutal winter and a labor standoff at West Coast ports. A stronger dollar that's putting the squeeze on exporters and adding to market volatility. And most of all, lying in wait but indistinct, a Federal Reserve rate hike. Regards, Ted http://license.icopyright.net/user/viewFreeUse.act?fuid=MTkxODgyODQ=
