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Royce Opportunity Fund
In a November 29, 2011 article from Reuters, Royce Opportunity Fund portfolio manager, Buzz Zaino expresses optimism about next year. He believes that media companies will see high demand in the first three quarters of 2012 given the U.S. presidential election and the London Olympics.
If the Administration takes a friendly attitude toward banks by easing credit requirements then we could also see an uptick in home sales.
Zaino told Reuters, "Each month when we do not have home sales ... which has been occurring for last two to three years, has created a bigger and bigger pool of demand that has to be satisfied."
Higher housing sales and a better pricing environment will help strengthen the balance sheets of many mortgage insurers. Reuters goes on to describe positions that Zaino has recently added to his portfolio.
Read the full article at www.reuters.comImportant Disclosure Information
The thoughts expressed here are solely those of the person speaking and may differ from those of other Royce investment professionals, or the firm as a whole. There can be no assurance with regard to future market movements.
This material is not authorized for distribution unless preceded or accompanied by a current prospectus. Please read the prospectus carefully before investing or sending money. The Fund invests primarily in small-cap and micro-cap stocks, which may involve considerably more risk than investing in larger-cap stocks (Please see "Primary Risks for Fund Investors" in the prospectus).
Distributor: Royce Fund Services, Inc.
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