Wasatch Advisors® Plans to Close Two Micro Cap Funds

SALT LAKE CITY--(BUSINESS WIRE)--Wasatch Advisors today announced that it will close the Wasatch Micro Cap Value Fund and the Wasatch International Opportunities Fund to new investors on June 30, 2008. These two funds were recently re-opened to all investors on May 1, 2008.

Since the funds re-opened last month, the assets of the Wasatch Micro Cap Value Fund have grown 32% and the International Opportunities Fund assets have grown almost 9%. Total assets under management in these two funds are now $125MM and $51MM respectively. Both funds are intentionally kept small to protect the investment strategies and agility within this universe of tiny companies.

John Malooly, Portfolio Manager of the Micro Cap Value Fund since its inception, said, “The recent market provided us with a nice investment opportunity, and we’re glad that we could open this opportunity up to all interested investors. We received a good response to our re-opening and are comfortable at our new asset level.”

Said Blake Walker, Portfolio Manager of the International Opportunities Fund since its inception, “This felt like a good market entry point for new investors into the Fund. We were pleased with the number of investors who chose to take advantage of our re-opening during this softer market. Wasatch errs on the conservative side of closing funds early to protect our shareholders, and this feels like the right time to now close the fund.”

Wasatch carefully monitors mutual fund assets in order to protect the integrity of its investment process and objectives for each Fund. The Micro Cap Value Fund and International Opportunities Fund will close to new shareholders on June 30, but they will remain open to existing shareholders to make it easier for these shareholders to manage their investment portfolios. With these two closings, 11 of Wasatch’s 14 funds will be open to all investors.