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

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

Rating:One Group Reopens Small Cap Fund Not Rated 4.0 Email Routing List Email & Route  Print Print
Friday, November 1, 2002

One Group Reopens Small Cap Fund

by: Sean Hanna, Editor in Chief

One Group Mutual Funds has reopened its Small Cap Value Fund to new investors. The fund had been closed to new investors since last May 31, 2002. It held $605 million of assets as of October 15. The decision was made in response to the recent decline in the prices of small cap stocks and an increase in the number of companies sporting reasonable price tags, according to the fund's portfolio managers.

"When the fund was closed, we had experienced rapid growth and an influx of new money," said Lawrence Baumgartner, leader of the fund's portfolio management team. "Because of strong performance among small-cap value stocks in 2000 and 2001, it was becoming increasingly difficult to find stocks that met the fund's strict investment criteria."

"We never intended to keep the fund closed for long periods," added Baumgartner. "Now that the stock market has declined, small-cap value stocks look more reasonably priced, and the fund is better positioned to invest additional assets."  

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

4.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use