Deceleration in economic growth could lead to an acceleration in M&A deals.
Much Ado About the Midterms? Royce managers offer their insights about the investment implications on small-cap stocks.
History suggests that small-cap stocks may have more room to run, but some companies appear better positioned to lead than others.
Surveying the small cap landscape after a period of strong gain, Royce co-CIO Francis Gannon is selectively bullish -- but generally wary of the considerable risks for growth stocks and defensive industries.
During the first six months of 2018, small-cap stocks enjoyed the good times bred by a bull market that at this writing has not yet slowed down.
Chart of the Week
Chart courtesy of Clarion Partners. Sources: NBER, Moody’s Analytics, Clarion Partners Investment Research as of July 2019. Each year is the start period for each recession or expansion. Past performance is no guarantee of future results. This information is provided for illustrative purposes only and does not reflect the performance of an actual investment.
Chart of the Week
China’s latest tariffs focus on U.S. agricultural exports; financial markets are pricing in at least one Fed rate cut this year; U.S. consumers’ debt load reached $13.67 trillion, with student debt outstripping auto loans.
What investors don’t want to overlook about the next leg of the small-cap journey.
The case for a strategic allocation to international small cap is well supported by historical data.
Chuck Royce and Francis Gannon are optimistic for small-caps going forward despite negative market sentiment.
As the state of growth becomes harder to gauge, small-cap fundamentals are likely to matter more and more.
Trade war talk has unleashed a wave of volatility that may be best surfed by looking at small-cap cyclical stocks.
What a return to more normal conditions in terms of volatility, returns, and interest rates means for the small-cap market.
What does recent volatility tell us about where we are in the small-cap cycle?
After a historically strong first quarter, what’s ahead for small-cap leadership?
Recent small-cap performance may have more to do with investors’ moods than fundamentals
Royce sees ample opportunities in the wake of one of small-cap’s most challenging quarters in 40 years.
Royce co-CIO Francis Gannon explores why ongoing earnings strength for small-cap cyclicals is bolstering confidence in the sector.
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