Profit from "Anti-Momentum Investing" with Baron Small Cap

The manager of this Kiplinger 25 fund looks for underappreciated companies that are poised for a turnaround.

The more things change, the more they stay the same. Take Baron Small Cap (symbol BSCFX). Since the fund's 1997 launch, the same manager -- Cliff Greenberg -- has run the show, but assets have grown from virtually nothing at the fund's launch to $4.2 billion today. The number of stocks in the portfolio has climbed to 93 at last report, from 50 at the end of the fund's first year. But the strategy -- to invest in small, growing businesses that are reasonably valued -- is unchanged. "Back in the early days, there was more of a go-go attitude to the fund," says Greenberg. "Now it's a little tamer, but the methodology has stayed the same."

KIPLINGER 25: Our Favorite No-Load Mutual Funds

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Nellie S. Huang
Senior Associate Editor, Kiplinger's Personal Finance

Nellie joined Kiplinger in August 2011 after a seven-year stint in Hong Kong. There, she worked for the Wall Street Journal Asia, where as lifestyle editor, she launched and edited Scene Asia, an online guide to food, wine, entertainment and the arts in Asia. Prior to that, she was an editor at Weekend Journal, the Friday lifestyle section of the Wall Street Journal Asia. Kiplinger isn't Nellie's first foray into personal finance: She has also worked at SmartMoney (rising from fact-checker to senior writer), and she was a senior editor at Money.