Summary

• Mid-cap stocks delivered mixed results in the first quarter as value notably outperformed growth.
• Among the style indexes, the Russell Midcap Growth Index (down 6.35%) trailed the Russell Midcap Value Index (up 3.69%) as only three sectors in the growth index produced positive results.
• Energy (up 45.23%) was the standout, notably outpacing other sectors in the growth index as well as its value peers.

Market Overview

Mid-cap stocks delivered mixed results in the first quarter as value notably outperformed growth. Among the style indexes, the Russell Midcap® Growth Index (down 6.35%) trailed the Russell Midcap® Value Index (up 3.69%) as only three sectors in the growth

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