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Wasatch Global Investors has launched the Wasatch U.S. Select Fund (WAUSX/WGUSX), focusing on a curated portfolio of 20 to 40 mid-cap firms. According to Mike Valentine, the Portfolio Manager, the Fund aims to tap into small-cap-like growth while ensuring higher quality through fundamental research. The Fund’s inception date is June 13, 2022. As of May 31, 2022, Wasatch managed $28 billion in assets. Investors should be aware of the risks associated with small-cap investments, including increased volatility.
Positive
Launch of Wasatch U.S. Select Fund (WAUSX/WGUSX) focusing on high-quality mid-cap companies.
Potential for considerable alpha through fundamental research and growth opportunities in mid-cap segment.
Experienced portfolio management team with nearly 50 years of investment history.
Negative
The Fund is new and has a limited operating history, posing risks for investors.
Investing in small-cap funds carries higher volatility and potential loss of principal.
SALT LAKE CITY, Utah--(BUSINESS WIRE)--
Wasatch Global Investors announced today the launch of the Wasatch U.S. Select Fund (WAUSX/WGUSX). The Fund will invest in a select portfolio of 20 to 40 primarily mid-cap companies that draw upon Wasatch’s nearly 50-year history in high-quality growth investing.
Mike Valentine, Portfolio Manager of the Fund, said, “As small-cap specialists, we often find companies in which there’s still tremendous headroom for growth as their stocks move beyond small market capitalization limits. At the same time, these firms are building upon their competitive advantages and becoming even higher-quality businesses. In our view, a portfolio of such companies has the potential to provide the growth traditionally found in small-cap stocks, but with higher quality.
“We believe our fundamental, bottom-up research process lends itself to discovering these companies that are reaching their best years of growth. To the extent we can identify those companies that will improve or maintain their high-quality characteristics, we believe the U.S. Select Fund can create considerable alpha. Further, a collection of such companies, many of which are in the mid-cap range, may provide investors with a desirable blend of small-cap-like growth with large-cap-like durability.”
Fund Inception Date: June 13, 2022
Fund Name
Share Classes
Portfolio Management
Wasatch U.S. Select Fund
Investor – WAUSX
Institutional – WGUSX
Mike Valentine, Portfolio Manager
Paul Lambert, Portfolio Manager
Austin Bone, Portfolio Manager
Mick Rasmussen, CFA, Portfolio Manager
About Wasatch Global Investors
Wasatch Global Investors is a 100% employee-owned investment manager founded in 1975 and headquartered in Salt Lake City, Utah. Named after the nearby Wasatch Mountain Range, the firm brings unparalleled experience to U.S. and international micro-, small- and mid-cap investing with a culture that emphasizes collaboration, excellence and intellectual curiosity. Wasatch had $28 billion in assets under management as of May 31, 2022. Wasatch Global Investors is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.
Risks
Investing in small cap funds will be more volatile and loss of principal could be greater than investing in large cap or more diversified funds. Investing in foreign securities, especially in emerging and frontier markets, entails special risks, such as currency fluctuations and political uncertainties, which are described in more detail in the prospectus. The investment objective of the Fund is long-term growth of capital. The Fund is new and has a limited operating history.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, containing this and other information, visit wasatchglobal.com or call (800) 551-1700. Please read it carefully before investing.
Wasatch Funds are distributed by ALPS Distributors, Inc. (ADI). Eric Bergeson is a registered representative of ADI. ADI is not affiliated with Wasatch Global Investors.
What is the Wasatch U.S. Select Fund (WAUSX/WGUSX)?
The Wasatch U.S. Select Fund is a newly launched fund that invests in 20 to 40 primarily mid-cap companies, aiming for growth similar to small-cap investments.
When was the Wasatch U.S. Select Fund launched?
The Wasatch U.S. Select Fund was launched on June 13, 2022.
What are the investment strategies of the Wasatch U.S. Select Fund?
The Fund employs a fundamental, bottom-up research process to identify high-quality mid-cap companies with growth potential.
What risks are associated with investing in the Wasatch U.S. Select Fund?
Investing in the Fund involves risks including high volatility, potential loss of principal, and special risks with foreign securities.
Who manages the Wasatch U.S. Select Fund?
The Fund is managed by a team including Mike Valentine, Paul Lambert, Austin Bone, and Mick Rasmussen.
