Oil worries hurt U.S. stock funds, S&P report says
NEW YORK — .
Each of the nine styles of domestic equity funds tracked by S&P finished the month in negative territory, with an average loss of 2.21%. Small-cap funds had some of the largest decreases, with the average small-cap growth fund down 3.23% and the average small-cap value fund down 3.07%.
"It seems like fear was taking over during the month," said Rosanne Pane, S&P mutual fund strategist.
"When that happens, people tend to move away from some of the smaller companies and favor large companies, where they believe there's more security."