Which Factors Topped the List in the Second Quarter of 2017?

(Harvest) Growth and momentum again topped factor performance in the second quarter of 2017, with smaller-cap versions of both factors outpacing their large-cap counterparts. Growth stocks were in such favor during the quarter that the Russell 2000 Pure Growth Index and Russell MidCap Pure Growth Index were the two best performers, despite the fact that small- and mid-cap stocks as a whole lagged the broader market, as represented by the S&P 500 Index.

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