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Wasatch Emerging Markets Small Cap Fund (WAEMX) Reopens

Dennis Baran
in Fund Discussions
Effective Feb. 1

www.wasatchfunds.com

Comments

  • PRESSmUPPRESSmUP
    Your post reminded me to take a look at several funds which I liked in my past 401K, but were closed and unavailable to me in a rollover IRA. With a few more months of turmoil, there may be quite a few funds opening their doors.
  • mnzdedwardsmnzdedwards
    I'm wondering if GPEOX might reopen to existing shareholders. I would like to add to my holdings. They are sitting at $335MM.
  • rmt
    mnzdedwards said:

    I'm wondering if GPEOX might reopen to existing shareholders. I would like to add to my holdings. They are sitting at $335MM.

    I called GP a few weeks ago asking the same question.
  • mnzdedwardsmnzdedwards
    What was their response?
  • rmt
    mnzdedwards said:

    What was their response?

    They had no intimation
  • Dennis Baran
    I asked Eric Huefner about re-opening GPEOX this morning. Here's his reply at 8:24 a.m. MST.

    Dennis,

    Thanks for the interest. We are not looking to re-open GPEOX at this point. We have had discussions on the topic, but it would take a significant further retreat before we would likely do so.

    Best,
    Eric
  • claimui
    With the decline in emerging markets, I've been looking to add to my position in GPEOX, but it was hard closed and WAEMX was closed to new investors. I've been using Driehaus' DRESX instead. The diversification has worked well lately, but I think WAEMX would be closer to GPEOX for those that want the closest substitute. Having it reopen gives GPEOX investors an additional option.

    FYI, DRESX was profiled by MFO here: http://www.mutualfundobserver.com/2014/03/driehaus-emerging-markets-small-cap-growth-fund-dresx-march-2014/
  • JoJo26
    As much as it disappoints me that I can't add to my GPEOX position, I do appreciate the focus on generating good performance and keeping assets within reason. I was concerned that GP may take that from their previous employer, Wasatch, but it seems that is not the case. Kudos to GP.
  • Amir
    edited February 2016
    Looking at the Wasatch offerings, they seem comfortable with running more money - ie WAIGX ($1.3B), WAFMX ($892M) WAEMX ($785M), although some are much smaller, and some require direct investments with Wasatch. All told, Wasatch has rolled out close to 20-funds.

    I am an existing Grandeur Peak investor with a humble pre-established automatic investment plan, and I appreciate GP's decision to close funds, and limit AUM.
  • mnzdedwardsmnzdedwards
    Re-opening the fund to existing shareholders with a maximum investment dollar amount (say $25,000) would satisfy the desire to add to GPEOX while maintain the fund's small asset size.
  • JoJo26
    They also have some larger institutions, I believe, where something like $25k wouldn't be meaningful so I doubt that would happen.
  • Sven
    There has been some out-flow from WAEMX as emerging markets declined. As the same time Grandeur funds are attracting $ away from Wasatch.
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