Looking at the numbers for the last 6 months I read what I believe is confirmation of my thinking that Growth Funds are the place to invest in a recovering market. They tend to recover first, and produce a higher return than other funds.
What I saw in the numbers was growth generally in all funds over the last 3 months, but the final performance was muted because of declines in the first 3 months of 2009. Except for Growth Funds which grew over both the first 3 months and the 2nd set of 3 months of 2009.
My conclusion is that Growth Funds tend to grow earlier and grow more than other funds in a recovering market. My second conclusion is that if Growth Funds are the first to recover, then indeed a general recovery is underway.