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.