Scoping Out Stocks `Below The Radar Screen'Pam Black
Less is definitely more, according to mutual funds that are concentrating in microcap shares. While only a handful of funds can actually be called microcap, the ranks of those that invest predominantly in companies with a median market capitalization of $200 million or less have doubled, to 40, in the past three years. That's still a drop in the bucket of more than 3,000 stock funds. But in time, you're likely to see more of these wee funds, which are exploiting the uncharted territory at the bottom of the equity bin.
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