The biggest winner in the Bissett stable has closed its doors to new investors. As we predicted here a few weeks ago, the Bissett Microcap Fund is no longer available to new investors.
This has been the top performer in the Bissett stable recently, with a gain of 66.9% for the 12 months to Jan. 31. However, the company announced at the time it was launched that it would cap this fund when the assets reached $50 million. That has now happened.
We hope you were able to take a position in the fund before the closure as a result of the early warning we posted. If not, keep watching the Mutual Fund Centre news section. We’ll keep you up-to-date on all important developments, often even before they occur.