Tocqueville Small Cap Value Gets Its Ideas from Home
Food,furniture companies among its recent acquisitions.
These days, Tocqueville Small Cap Value Fund (TSCVX) likes to rummage around the house.
Beginning in June 2000, manager Jean-Pierre Conreur turned his attention to stocks in the consumer sectors. Since then, he has bought snack-food maker Lance (LNCE), juice and jelly producer J.M. Smucker (SJM), and food-additive manufacturer Corn Products International (CPO). For the living room, he picked up La-Z-Boy (LZB) and Bush Industries (BSH), which makes and sells ready-to-assemble furniture.
Hap Bryant does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.