Hot Small-Cap Fund Closing Friday
Plus, financial funds on the rebound, Schwab receives Wells Notice, Fidelity Magellan adds gold, and more.
Aston announced today that it is closing Aston/TAMRO Small Cap (ATASX) to new investors at the end of Friday, Oct. 16. The $847 million fund is a solid small-blend offering with a good manager in Philip Tasho. He runs a growth-at-a-reasonable-price strategy that focuses on three themes: consolidation, restructuring, and new products. The fund is up 32% for the year to date as of Oct. 14, and it boasts trailing five-year returns of an annualized 6.1%.
Courtney Goethals Dobrow does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.