Wasatch Global Investors announces reopening of funds
Salt Lake City — Wasatch Global Investors announced today the reopening of the Wasatch Core Growth, International Opportunities, Micro Cap, Small Cap Growth, Small Cap Value and Ultra Growth Funds. These funds and their related institutional strategies are open to new investors, effective immediately. With that announcement, all Wasatch Funds are currently open.
Consistent with Wasatch’s longstanding commitment to its shareholders, the funds had previously been closed to new investors to ensure the firm could maintain its disciplined and focused investment approach. The reopening of the strategies reflects Wasatch’s view that the current market environment may present attractive opportunities for long-term investors. The firm remains committed to thoughtfully managing capacity and will continue to close strategies to protect performance for existing shareholders.
“Despite this year’s volatile investment environment, our conviction in our long-term investment approach remains strong,” said JB Taylor, CEO of Wasatch Global Investors. “Time and again, Wasatch has found that difficult markets have highlighted the benefits of investing in high-quality growth companies with excellent management teams. Wasatch remains financially strong and has not seen significant outflows. However, the opportunities currently available in the market warrant reopening the strategies to new investors. Rest assured that Wasatch remains resolute in its commitment to limiting capacity and will once again close the strategies well before asset growth impacts performance.”