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Wasatch Advisors opens, reopens funds

Wasatch Advisors, based in Salt Lake City, has announced the launch of the Wasatch Emerging Markets Small Cap Fund, with the symbol WAEMX, and the reopening to all investors of its International Growth Fund.

The emerging-markets fund will focus on investing in small companies in emerging markets and will be managed by a team of Wasatch research professionals led by the director of international research, Roger Edgley.

Wasatch Advisors said the fund is a "natural progression" from the Wasatch International Growth Fund, previously closed to new investors, and the Wasatch International Opportunities Fund, currently closed to all investors.

The international-growth fund had been closed to new investors since October of 2005.