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Article: Small cap covers the US.(Legg Mason Investors Asset Managers PLC)(Brief Article)
- Article from:
- Money Marketing
- Article date:
- April 15, 2004
CopyrightCOPYRIGHT 2004 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Legg Mason Investments has brought out the Legg Mason US smaller companies fund, an Oeic aiming for growth by investing in US companies with a market cap of up to $2bn.
The fund is managed by Royce & Associates, a New-York-based subsidiary of Legg Mason Investments. Royce & Associates already manages Legg Mason's Dublin-domiciled Royce US small cap equity fund but this fund was recently closed to new business.
The new fund aims to have less than 15 per cent in micro-cap stocks with a market cap of up to $400m. The offshore fund invests between 55 and 75 per cent in micro caps.
It is managed by Chuck Royce, Royce & Associates president and ...