The Mutual Fund Site Announces Top Small Cap Pick for 2010
The Mutual Fund Site (www.MutualFundSite.org) released its top Small Cap Fund pick for 2010. Information on the website states that the Ivy Small Cap Value fund is a “no brainer.”
“We believe the Ivy Small Cap Value Fund will benefit from its heavy weighting in small and medium cap financial services securities,” Chris Blanchet, Fund Adviser for the Mutual Fund Site, points out. “We see some encouraging data, including a low average P/E ratio and a fairly high dividend yield.”
Details released on the site point to a potentially advantageous disparity between Price/Sales and Long Term Earnings. The fund currently has a 34% weighting in financial services, with East West Bancorp, IBERIABANK and Wintrust among its Top 5 holdings.
“As the economy continues along its path to recovery, the underlying securities, most of which are already profitable and have strong equity positions, are poised to enjoy substantial growth,” Blanchet advised.
The Mutual Fund Site outlines the relationship between a housing recovery and a demand for retail banking as one catalyst that will result in profitability for many of the assets held by the Fund.
About the Mutual Fund Site
The Mutual Fund Site (www.MutualFundSite.org) is an content-based website about the mutual fund industry, where dialog and feedback is encouraged. The site aims to demystify the mutual fund and investment management industry one visitor at a time.
- Contact Information
- Christopher Fitch
- Mutual Fund Site.org
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