Large-cap exchange-traded funds, which tend to be more defensive than small and medium-sized company exchange-traded funds, have suffered their fair share this year.
The iShares Morningstar Large Core Index(JKD Quote), iShares S&P 500 Index(IVV Quote), Vanguard Large Cap ETF(VV Quote) and the iShares Dow Jones U.S. Index(IYY Quote) have declined 35.6%, 39.3%, 41.2% and 41.8% this year, respectively. These results are in line with the minus 41% average return by large-blend mutual funds tracked by Morningstar.
Some money managers are favoring large-caps. "It's a good time to be in large-caps versus small-caps right now," said Kelly Campbell, founder and principal of Campbell Wealth Management. "They are net creditors versus being net debtors." ...
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