Wasatch Micro Cap Fund (WMICX)
Wasatch Micro Cap Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Salt Lake City, UT, US. The stock last traded at $10.25, up 0.79% on the session, giving a market capitalisation of $515.7M. Its beta of 1.40 implies it has historically moved more than the broad market.
The Wasatch Micro Cap Fund primarily allocates its capital, with at least 80% of its net assets (plus any borrowed funds for investment) directed towards equity securities, typically common stock, issued by micro-capitalization companies. The fund defines a micro-cap company as one whose market valuation, at the point of purchase, falls below the higher figure of either $1.5 billion or the market capitalization of the largest company included in the Russell Microcap® Index. Additionally, up to 30% of its total assets can be invested in shares of foreign companies when initially acquired.
Wasatch Micro Cap Fund is most often compared with the following Financial Services names: