Insmed Inc (INSM)

[supacharja]

Ed...that isn't necessarily true. FWIW, it comes down to the fund's charter (which can be amended) and what is communicated to investors through the prospectus. There are many mutual funds that do invest in micro and small cap stocks. There are also many that do not. For instance, some mutual funds invest solely in socially and environmentally responsible companies (i.e. ixnay on Altria, Molson Coors, Fortune Brands etc.). It all comes down to making sure the charter communicates through it's prospectus what the fund's investment style is and its self imposed guidelines etc. FWIW - all-cap investing is becoming more and more popular as it gives active mutual fund managers less restrictions...as a result, charter language is becoming more and more vague.