The stock market’s volatility over the past several months has generally favored actively managed investment strategies, in a switch from passive strategies’ generally stronger performance in recent years. But the biggest surprise so far this year is mid-cap growth funds.
This year through Tuesday, the mid-cap growth category is up an average of 18.2%, making it the hottest fund category of 2019, according to Morningstar Inc.
For some financial advisers, the mid-cap rally is an inevitable snapback from the category’s subpar performance last year.
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Read more: Overlooked fund category is dominating 2019