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.