Posted by: Lauren Young on March 10, 2008
You thank the rocky market for the recent slew of fund reopenings.
Here are two more to add to the list: Wasatch Small Cap Growth and Wasatch Core Growth. Today Wasatch announced that it is reopening these two portfolios to new investors after closing them in 2001 and 2002, respectively. Obviously, these are tough times for mutual funds, as assets continue to fly out of portfolios, so it is no wonder that funds are looking for new money. But Wasatch, which is one of the most supreme small-cap managers, should be commended for opening and closing funds with a lot of TLC over the years.
Businessweek’s Emily Thornton, Amy Feldman, Ben Levisohn, and Ben Steverman focus on matters great and small for investors, from the views of a hot fund manager to an explanation of the latest products devised by Wall Street’s rocket scientists. Exploring trends in any area, from bonds and stocks to closed-end funds and futures, always with an eye towards giving investors a better understanding of the sometimes confusing and often chaotic world of finance. Standard & Poor’s senior index analyst Howard Silverblatt will also provide his take on companies’ finances and the markets. Voted one of the “Top 100 Finance Blogs” in 2007.