Article Abstract:
Artisan mid cap value gained 11% during 2005 due to the performance of stocks like Pioneer Natural Resources and Apache, which has put this fund at the top of the mid-cap category. This fund's three-year return is also extremely impressive in both absolute and relative terms and investors have certainly noticed that the fund's asset base ballooned from a mere $50 million in 2003 to $2.8 billion at the end of August 2005 when the fund closed to new investors.
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Article Abstract:
Most types of equity funds and bond funds posted moderate gains for the month of June 2005, while the funds with a stake in hard assets and riskier funds that invest in oil and gold reported losses. The top foreign categories for the month were Latin America stock and diversified emerging markets, whereas the developed-markets funds had a tougher time since a rising dollar has undermined unhedged funds.
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Article Abstract:
August 2004 was a tough market for domestic-stock fund showing an average of 3.5% loss. A key question is whether in 2005 small caps would continue their winning streak or surrender to large caps.
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