Chuck Royce and Whitney George, co-chief investment officers at The Royce Funds, give their take on the volatile stock market and what it means for investors in a market commentary posted on the firm's website. Click here to read their commentary.
Royce used the market decline of the past two weeks to buy additional shares in companies that are already part of its funds, as well as buy new names at attractive prices.
Royce expects, "a ragged recovery" in the stock market, which will "take the next several weeks to regain its balance."
The Royce Low-Priced Stock Fund is a component of the Bradway Strategic Portfolio, which consists primarily of investments with top money managers.
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