Small gains, less pain. It's not much, but it's something mutual-fund investors can be grateful for these days. Despite the early March stock market rally, the average U. S. equity fund ended up where it began the year three months ago―a big comedown from the previous quarter's 14.8% surge. Microscopic as the less-than-1% gain may be, it's a darned sight better than the beating investors took a year ago: a 13% decline that turned out to be the prelude to a lousy year. "It has basically stopped getting worse," says Dan Veru, portfolio manager of $1.2 billion in small-cap value assets, including the GE Small Cap Value Equity Fund.
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机译：小收益，少痛苦。虽然不算多，但是这几天共同基金投资者可能会很感激。尽管3月初股市上涨，但美国股票基金的平均收盘价还是在三个月前的一年结束时，比上一季度的14.8％大幅下降。尽管涨幅不到1％，但微观的情况比一年前击败投资者的情况要好得多：下降13％，结果是糟糕的一年的前奏。包括GE Small Cap Value Equity Fund在内的12亿美元小盘价值资产的投资组合经理丹·维鲁（Dan Veru）说：“这种情况基本上已经不再恶化。”
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