The Callan Large Cap index, which includes the largest U.S. trade stocks excluding ADRs and other foreign shares, gained 2.07% in the second quarter, including dividends. That was down from its first-quarter gain of 13.51%.
The index rose 5.2% in March. The large-cap subindex has gained 182.87% since its last negative quarter, which was at the end of 1994. The Callan Medium Cap index produced -0.78% and the small-cap index return rose only 3.97%, down from a 12.04% gain in the first quarter. The Callan Broad Market Micro Cap index returned -4.88%.
The Callan large-cap and midcap indexes together pushed the growth subindex up 5.61%, while its value counterpart finished the quarter at 1.23%. Small-cap growth fell -2.76% for the quarter, versus the small-cap value return of -5.21%.