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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
May 16, 2002 at 08:00 PM
May 15, 2002 — Another fund that invests in undervalued stocks of small companies is set to close to new investors.
Evergreen Investments said the $794 million Evergreen Small Cap Value Fund (ESQAX) will shut its doors to new investors when its assets reach $900 million.
The fund’s assets have grown by more than $500 million over the last three years, and that growth has made its managers’ search for investments “more challenging,” Evergreen said.
The fund was up 11.5% this year through the end of April, while the average small-cap value fund rose 9.7%. Evergreen Small Cap Value returned 17.5% last year, compared with a gain of 14.1% by its peers.
Funds that invest in cheap stocks of small companies have attracted money from investors over the last two years as they have outperformed the average U.S. stock fund. That has led a number of companies to shut small-cap value funds to new investors this year.
Most recently, this month, T. Rowe Price said it will shut its T Rowe Price Small Cap Value Fund (PRSVX), and Fidelity Investments said it will temporarily close Fidelity Low Priced Stock (FLPSX).
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