Investment managers remain bullish on large-cap growth funds despite a market performance that has favored value over the last five years or so, according to a quarterly poll conducted by Russell Investment Group.
The poll, Russell's Investment Manager Outlook, recorded the opinions of 101 senior level investment decision makers at U.S. large- and small-cap equity managers, and found that 70% of U.S. investment managers are optimistic that large-cap growth stocks will perform well over the next year.
According to the report, the two Russell indexes most reflecting large-cap growth–the Russell 1000 Growth Index and the Russell Top 2000 Growth Index–were the two lowest performing funds in the Russell index family over the first two months in 2006.
Additionally, the 10-year annualized total returns for the Russell value and growth indexes at each market capitalization level showed a 4% differential favoring value at each level.
