New York ( TheStreet) -- The 10-year track record of many stock funds improved dramatically recently. The average large blend fund returned 7.3% annually during the decade through September, according to Morningstar.A year earlier the category had only returned 2.2% annually for the previous 10 years. The 10-year record of small value funds jumped to 10.2%, up from 6.7% a year earlier. The returns climbed because the market has rallied sharply in the past year. In addition, some bad results from 2002 dropped out of the latest 10-year numbers.
Stock-Fund Performance Suddenly Looks Better
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