The MoneyLetter adds two more Royce Funds to its “universe”: Royce Global Value Fund (RIVFX) and Royce Micro-Cap Fund (RYOTX).
The MoneyLetter writes: “Royce Global Value Fund is managed in keeping with the Royce family’s overriding philosophy. Royce has branched out in recent years, expanding its fund offerings beyond its traditional small-cap offerings. The addition to the firm of global specialist David Nadel, a co-manager here, was followed by the launch of two international offerings (this being one of them).”
The MoneyLetter calls Royce Micro-Cap Fund one of the “originals in the micro-cap space” and mentions the positive impact of the Fund’s natural resources and industrial holdings.
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