Ryan Kelley, CFA, is the chief investment officer of Hennessy Funds, which oversees $3.6 billion in assets, Novato, California. He is co-portfolio manager of the Hennessy Cornerstone Mid Cap 30 Fund (HFMDX), whose 10-year annualized performance of 11.6% ranks in the top 1% of its category. HennessyFunds.com
Nervous that your stock portfolio’s performance depends on a handful of giant tech firms? Move over megacaps—“smidcaps” are about to…