Croft Value Fund Looks to Power Sector

The five-star Croft Value fund(CLVFX Quote) is making a power play.

"Domestically there are 2 million miles of grid network in the United States, half of which was built over 40 years ago and is now outdated," says fund manager Kent Croft. "Congress passed the Federal Energy Act in 2005 to address the problems and the blackouts they caused, but unless substantial capital is invested over the next several decades in new generation, transmission and distribution facilities, service quality will degrade and costs will go up."

Croft is taking advantage of this theme by investing in companies that will benefit from improvements in electric transmission and distribution. ...