The large-cap stocks tend to be the ones that are most interest rate sensitive. With the changes at the Fed and figuring out if and when they'll stop raising rates, it's not a surprise to see large-caps suffer some, while small-caps are far less sensitive to rate issues.

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I think you saw a lot of fund managers latch onto the stock market?s momentum in the fourth quarter, and that helped boost returns.

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Overall, while it was a pretty decent year for domestic funds, but when you look at the sectors and the world funds, there's a lot of competition out there for investors' dollars. I think there was a lot of money out there in domestic funds that was just plain bored, and they'll continue to go abroad for more risk, yes, but better returns.

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