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The Daily Screen: Mid-Cap Value Funds

 

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Mid-cap growth funds aren't the only hot mid-cap fare.

All year we've marveled at the run-up among mid-cap growth funds, up 37.4% over the last 12 months, but there have been solid returns among mid-cap value funds, too. These value types typically invest in stocks with market caps between $1.5 billion and $9 billion that have modest prices relative to their peers or to the market. While their 15.7% average gain over the last 12 months pales next to mid-cap growth funds' fat gains, they're far ahead of the S&P 500. And since Jan. 1, their 11.9% gain beats mid-cap growth funds by more than 2 percentage points.

If you're sitting with a growth-heavy portfolio or are looking for a less-aggressive way to play mid-cap stocks, mid-cap value funds might be a good choice. To give you some ideas, we screened the category for funds that beat their average peer over the last one- and three-year periods, listing the top 10 below, ranked by their one-year returns. ...

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