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

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

Rating:Wasatch Closing Five More Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, September 4, 2003

Wasatch Closing Five More

by: Sean Hanna, Editor in Chief

Rarely do fund firms turn away any and all new cash, but that is exactly what Wasatch Advisors is doing with five of its funds. The funds were already closed to new investors. Starting September 12 they will be closed to current shareholders as well.

Officials at the firm are taking the unusual step to protect existing investors from falling performance as the funds grow to big to be wieldy, explained Sam Stewart, chairman of Salt Lake City-based fund firm.

The funds that are closing include the $1.32 billion Core Growth, $459 Small Cap Growth and Value, $1.02 billion Ultra Growth and $459 million Micro Cap funds.

The five closed funds join the Wasatch Micro Cap Value fund on the "not-for-sale" shelf. That fund closed in on the same day it launched (July 28) after it pulled in $65 million.

To restock its shelves, the firm is currently mulling over a new set of offerings in the mid-cap and all-cap segments.  

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

0.0
 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