SAN FRANCISCO -- Large-capitalization equities continued to offer the best returns in the first quarter, as small-cap returns were negative, according to Callan Associates Inc.
The firm's large-cap index of the 150 largest U.S. stocks rose 6.43%, including dividends. The other indexes finished lower: Callan Broad Market index returned 4.08%; Callan Medium Cap index, 1.97%; Callan Small Cap index, -3.36%; and Callan Micro Cap index, -8.67%.
Growth stocks continued to outperform value. The Callan Large/Medium Cap Growth index advanced 6.42%, while the value index gained 4.34%. Small-cap growth almost broke even with -0.86%, while value dropped by 5.77%.