Small Stocks Think Big

摘要

In the market these days, small is beautiful. Managers of the fledgling Aegis Value Fund, which specializes in small stocks, can barely keep up with all the money investors are throwing at them. Aegis is popular for good reason: last year it returned 42.7 percent But with some $70 million pouring in the door in just the last two months, manager Scott Barbee and his partners are working nights and weekends to find pint-size bargains. "The pressure is definitely on," he says. While most investors have been crying over their loser tech stocks and slumping Standard & Poor's 500 Index funds, shares of small companies have been booming. Ever since the technology-led bull market flamed out early in 2000, little companies have been outperforming the big boys, returning 10 percent while that S&P 500 lost 26 percent and the Nasdaq fell 61.4 percent.