In the first quarter, all major US asset classes posted positive results, with the broad market returning 11.07%. Asset class returns ranged from 9.54% for large growth stocks to 13.21% for small growth stocks. Across the size spectrum, small caps outperformed large caps. There was a positive value premium driven by the performance of large value and midcap value stocks; however, small cap value stocks underperformed small cap growth stocks.
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