WM Small Cap Stock Slapped by Tech Holdings
Fund holds its own amid carnage in tech shares.
Things aren't great for WM Small Cap Stock Fund (SREMX), but they could be a lot worse.
The fund finished 2000 below the category average, and its 18% loss so far in 2001 puts it about even with the category. Although devastating, those losses might have been even more extreme given the fund's aggressive sector allocation. The fund's manager, Linda Walk, puts between 40% and 50% of assets in technology, and that sector has crashed in the last 12 months.