In Tuesday's Wall Street Journal Fund Track, Sam Mamudi notes that growth funds continue to beat value offerings and the broader market this year.

Mamudi cites data from Morningstar which show that midcap growth funds are up 7.3 percent this year through April, small-cap funds are up 3.9 percent and large-cap funds are up 4.9 percent.

On the value side, midcap funds are up 1.2 percent, small-cap funds are down 1.4 percent and large-cap funds are down 3.9 percent.

During the period, the S&P 500-stock index fell 3.4 percent.

Among those quoted in the article are Morningstar mutual fund analyst David Kathman, Fred Alger Management senior vice president Andrew Silverberg and Lipper senior analyst Tom Roseen.

The second portion of the Fund Track column, penned by William Hutchings, picked up on data from BNY Mellon Asset Servicing which show that for the first quarter since the financial crisis hit, active managers that invest in global stocks outperformed their index as a group.

The median global equities manager saw a return of negative 9.2 percent net of fees in the first three months of 2009, while the benchmark FTSE All World Index fell 10.2 percent. 

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