Such locales can offer competitive advantages that institutional investors often overlook, he said.

But many middle-class American investors "tend to be extremists," either overlooking risk or investing too conservatively.

But at the moment, investors are completely overlooking local telephone franchises.

But investors may overlook the role played by the managers' employers - the fund companies themselves.

But investors who are bidding up the stock may be overlooking the potholes the company will hit along the way.

Last year, investors were overlooking the fact that there's no shortcut to building a brand, and a consumer relationship.

Analysts who are bullish on the industry's future say that investors are overlooking growth prospects in foreign markets.

But some investors may have overlooked a critical fact: Nothing has changed on the demand side of the equation.

But the editors managed to do it, unearthing five of what they call "appealing funds that investors had overlooked."

Many investors overlook that point, because they assume that changes in inflation will not affect nominal earnings growth.