Buffalo Small Cap Fund Re-opens to Investors
According to Morningstar, Buffalo Small Cap Fund (BUFSX) will re-open to new investors for a short period of time. On Buffalo Funds website, there is some more information on
Effective June 28, 2007, the Buffalo Small Cap Fund will re-open to purchases made through broker-dealers. The Fund will remain open for such purchases until the earlier of July 31, 2007 or the date on which the Fund receives additional investments of $250,000,000.
So the fund could be closed again in less than 30 days, depending on investors response to the
I have been investing in BUFSX in 2002 and the fund really had some great time during the recession, returning an average of more than 23% annually from 2000 to 2004. The performance, however, has lagged in recent years, underperforming S&P 500 in both 2005 and 2006 by nearly 2%.
The fund has an expense ratio of 1.01%, not terribly high for a small-cap fund. To invest in this fund, you will need to make an initial investment of $2,500.
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This fund performed well in the past, but past performance does not always indicate future performance in investing and especially in the mutual fund business. Reserach beyond what past returns were should be done when choosing investments.