Small Is Beautiful Small Caps, That Is

Tom Maguire is having a superb year. The SAFECO Growth fund he manages soared 44.84% through June 7, the fifth-best return out of 962 equity funds. The small-cap stock fund's success boosted its assets from $65 million at the beginning of the year to its current $123 million. Maguire hit home runs with the likes of retailer Cascade International and addiction treatment center Sierra Tucson. Both have more than doubled since he bought them a year ago. Says Maguire: "It's been a great year for extremely obscure stocks with good growth records."

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