Now that the first quarter is over, I thought it would be good time to take a broad look at a few asset classes.I asked Morningstar to run some data for me on mutual fund returns for domestic equities, fixed-income and alternatives.

For the first quarter, and for the past 12 months, equities trounced the other two. In the three-year timeframe, fixed-income came out a little higher than equities with alternatives trailing a distant third.

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