The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Small Cap Fund No Longer Not Rated 3.0 Email Routing List Email & Route  Print Print
Friday, September 22, 2000

Small Cap Fund No Longer

Reported by Sean Hanna, Editor in Chief

Funds that easily gather assets are not easy to create. Therefore many fund companies may be reluctant to close a fast-growing fund even when that fund's manager is groaning under the work of investing the new cash.

One way to lift the pressure of a the back of a manager of a too-popular fund is to change the rules. The is what OppenheimerFunds has done for the just reopened Oppenheimer Enterprise Fund. Not only did the firm reopen the fund, it also lifted a $5,000 monthly cap on additional investments by existing shareholders. The load fund was reopened on September 15 and had been closed since July 1, 1999.

The firm was able to reopen the fund after its Board of Trustees voted to expand the fund's mandate in June. The fund had been limited to investing in only small cap stocks, it will now be able to invest across all market caps.

"My strategy in managing the fund is to look for the stocks of companies that offer the most growth potential," said Portfolio Manager David Hyun. "These include not only companies that are new or developing new products, but also companies that are expanding into new markets with existing products. Being able to invest across all market capitalizations should enable me to lessen some of the volatility that comes with investing in newer, less-established growth companies."  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use