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March Wrap-Up

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The S&P 500 inched slightly forward in the first quarter of 2002, while small-cap and value indexes moved ahead of the pack. On the other hand, most growth indexes across market capitalizations are in the red so far this year.

The little guys shine
Index
March returns
1Q 2002 returns
Russell Top 200
3.50%
-0.30%
Russell 1000
4.10%
0.70%
Russell Midcap
6.00%
0.70%
Russell 2000
8.00%
4.00%
Source: Frank Russell Co., through 3/28/02[/:Author:]
A matter of style
Index
1Q 2002 returns
Russell Top 200 Growth
-2.80%
Russell Top 200 Value
2.50%
Russell 1000 Growth
-2.60%
Russell 1000 Value
4.10%
Russell Midcap Growth
-1.80%
Russell Midcap Value
7.90%
Russell 2000 Growth
-2.00%
Russell 2000 Value
8.70%
Source: Frank Russell Co., through 3/28/02

The blue-chip Dow Jones Industrial Average rose nearly 3% in March, while Europe and Asia also ended the month in the black.

A global view
Index
March returns
1Q 2002 returns
DJ Industrial Average
2.94%
3.81%
DJ EURO STOXX 50
4.39%
-0.58%
DJ Asian Titans 50
6.17%
2.10%
DJ Global Titans
3.47%
-2.80%
Source: Dow Jones Indexes, through 3/28/02[/:Author:]
March sector winners and losers
United States
Winner:
DJ Utilities
9.47%
Loser:
DJ Telecommunications
-2.04%
Europe
Winner:
DJ STOXX 600 Automobiles
9.34%
Loser:
DJ STOXX 600 Healthcare
-0.50%
Global
Winner:
DJ Sector Titans Financial Services
8.22%
Loser:
DJ Sector Titans Healthcare
-0.49%
Source: Dow Jones Indexes, through 3/28/02

The MSCI EAFE (Europe, Asia, Far East) index is basically flat so far in 2002, losing 0.05% according to Morningstar. The 1,924 international stock funds tracked by Morningstar have gained an average 3.65% in 2002.

Finally, here's how the funds in Morningstar's domestic style boxes have performed thus far this year.

Style-box view
Category
# of funds
1Q 2002 returns
Large blend
1,373
-0.31%
Large growth
1,078
-2.71%
Large value
972
1.97%
Mid blend
264
2.55%
Mid growth
698
-2.36%
Mid value
306
5.33%
Small blend
271
4.86%
Small growth
557
-1.43%
Small value
272
8.76%

Source: Morningstar, through 3/30/02