Nov. 5, 2002 -- Wasatch Funds will reopen Wasatch Funds:Small Cap Value Fund (WMCVX) to new investors on November 13.
Wasatch said it could reopen the fund since capacity has increased following the stock market's decline. The fund, which had also been closed to existing investors on March 28, 2002, reopened to them on July 17.
Assets in the fund at the end of October stood at $403.4 million, versus $601.1 million as of July 31, 2001, when it was closed to new investors, Wasatch said.
For the three years ended in September, Wasatch Small-Cap Value posted an annualized return of 15.8%, versus 5.9% for the average small-cap value fund. Year to date the fund has declined 21.7%, versus 16.4% for its peers. The portfolio is ranked 5 Stars by Standard & Poor's.
Wasatch noted that Wasatch Funds:Core Growth Fund (WGROX), Wasatch Funds:Micro Cap Fund (WMICX), and Wasatch Funds:Small Cap Growth Fund (WAAEX) remain closed to new investors.