For many micro-cap funds, the past performance has been so strong that they could play a small role in a diversified portfolio.
Most micro-cap funds try to avoid growing too large so they frequently close to new investors after they've successfully attracted substantial capital.
Micro-cap funds generally restrict holdings to companies with a market cap of $350 million or less.
Lutton, too, says that while there are no micro-cap funds on her "pick" list, she favors Royce Total Return (RYTRX), a small-cap fund that may hold around 15% of its assets in micro-caps.
NEW YORK -- Effective Friday, September 28, 2012, Royce Low-Priced Stock and Micro-Cap Funds will re-open to new investors.
Royce Micro-Cap Fund seeks long-term growth of capital.
Royce Micro-Cap Fund is offered directly by The Royce Funds and through financial intermediaries in the following share classes: Investment Class, RYOTX; Service Class, RMCFX; and Consultant Class, RYMCX.
1 percent for the quarter, and micro-cap funds
, investing in the very smallest stocks, actually beat the S&P 500 index funds with a 17.
Consistent with both Managers' and Fremont's approaches to selecting subadvisors for their funds, the Fremont Funds will continue to utilize top-performing institutional investment managers, including PIMCO's Bill Gross, subadvisor of the Managers Fremont Bond Fund, as well as Evergreen Investment Management, subadvisor of the Managers California Intermediate Tax-Free Fund, and Kern Capital Management, subadvisor of the Managers Fremont Micro-Cap and Managers Fremont Institutional Micro-Cap funds
, both subadvised by Kern Capital Management.
Perritt's favorite investment categories include value equity funds, small-cap and micro-cap funds
and high yield bond funds.
1 of all Micro-cap funds
for the 1-year period by Lipper Analytical Services.