The Case for Royce Special Equity
This fund has appeal even if some trailing-return periods are underwhelming.
I recently recommended Royce Special Equity (RYSEX) as a good fund to buy in the current environment. That spurred a reader to politely ask me what I was smoking.
Well, to be specific, he asked what I saw in a fund with such lousy five- and 15-year performance. That’s a good question.
Russel Kinnel has a position in the following securities mentioned above: RYSEX. Find out about Morningstar’s editorial policies.