Friess Associates has launched the Friess Small Cap Growth Fund making the firm’s small-cap services widely available for the first time.
Smaller companies played such a significant role in the early growth of Friess Associates that the firm began dedicating specialised attention to the small-cap category in 1982. Over the next 35 years, only institutions and high-net-worth individuals able to meet substantial investment minimums could access the firm’s small-cap services.
Friess Small Cap Growth Fund’s investment minimum is USD2,000 in the fund’s investor class, which will trade under the ticker symbol SCGNX. Led by Chief Investment Officer Scott Gates (pictured), Friess researchers cooperate to manage the portfolio as a team utilising the firm’s time-tested investment strategy.
“Friess Small Cap Growth Fund operates in a fruitful hunting ground for our earnings-driven investment approach,” Scott says. “Exhaustive research is at the core of our investment strategy, and we believe the small-cap category offers some of the best opportunities to find underappreciated companies through bottom-up legwork.”
Friess Small Cap Growth Fund is designed to capitalise on the relationship between earnings performance and stock prices by holding companies experiencing above-average earnings growth that also show promise to exceed consensus earnings expectations. While the fund’s market-cap characteristics reflect its small-cap focus, the portfolio’s sector weightings result from a true bottom-up, company-by-company approach and do not reflect the composition of any market index.
“Friess Small Cap Growth Fund aims to beat benchmarks, not mimic them,” adds Scott.
The fund’s investment objective is to seek capital appreciation. Institutional class shares of Friess Small Cap Growth Fund will trade under the ticker symbol SCGFX.