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Fund Times

More Top Small-Value Funds to Close

Plus, Edward Johnson steps down from Fidelity fund board, and more.

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More small-value funds with strong records,  American Beacon Small Cap Value (AVPAX) and  Heartland Value Plus (HRVIX), will soon close to new investors.

Their closures follow the shuttering of a number of other small-cap funds in recent weeks and coincide with more than two years of strong performance and rising valuation levels for the Russell 2000 Index and other small-cap benchmarks.

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Kailin Liu does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.