Featured Insights


Chart of the Week

U.S. STOCKS: STRONG EARNINGS SEASON

Source: Bloomberg, S&P Dow Jones Indices, August 2, 2018. Past performance is no guarantee of future results. Indexes are unmanaged, and not available for direct investment. Index returns do not include fees or sales charges. This information is provided for illustrative purposes only and does not reflect the performance of an actual investment.

 

Market Snapshot

U.S. Jobs: Still Hiring

July's employment report showed growth continuing; the Fed sounded optimistic about growth in its latest statement; the UK's rate rise was about normalization, not Brexit; China took some market-based steps in the currency market.


Featured Insights

Investment Insights
Jun 26
Investment Insights

Small-cap stocks

Why Capex Matters

June 26, 2018

Co-CIO Francis Gannon explains why upward revisions to CapEx spending could be very good news for small-cap cyclicals.

Market Outlook
Jun 01
Market Outlook

Winners and Losers in Small-cap Retail

June 01, 2018

Bill Hench looks at the dynamics in the retail industry and outlines the factors that he thinks will help some companies to survive and thrive.

Investment Insights
Apr 03
Investment Insights

Small caps

Volatility Is Back...

April 03, 2018

...and probably here to stay, notes Royce co-CIO Francis Gannon. His advice: tune out the noise about tariffs and rising rates, and instead focus on cyclical small caps with improving earnings and global exposure.

Investment Insights
Mar 22
Investment Insights

Small-cap stocks

Why Earnings Matter

March 22, 2018

Increased volatility is obscuring the rising strength of small-cap earnings, which we believe should ultimately translate into leadership for certain cyclical sectors—those that combine profitability, relatively attractive valuation, and global exposure.

Investment Insights
Jan 02
Investment Insights

Small cap stocks

How Risky is the Russell 2000?

January 02, 2018

If the Russell 2000 index were a company, how attractive would it be to investors? Royce co-CIO Francis Gannon has his doubts.

Investment Insights
Oct 26
Investment Insights

Looking beyond the U.S.

International Small-Cap: Surprising Quality

October 26, 2017

Why should investors consider maintaining a small but consistent allocation to this often-overlooked asset class? The answer is simple: superior risk-adjusted returns with very low correlation to traditional equities.

Market Outlook
Oct 17
Market Outlook

Market overview

Poised to Lead: Small Caps with Global Exposure

October 17, 2017

Smaller companies in cyclical sectors that do business abroad -- or with other U.S. firms that have global exposure -- could be well positioned to benefit from improving global growth.

Market Outlook
Sep 08
Market Outlook

How Could Small-Caps Surprise?

September 08, 2017

Co-CIO Francis Gannon discusses the ongoing consolidation in small-caps, while also touching on earnings, valuations, and the prospects of a pick-up in volatility.

Investment Insights
Aug 24
Investment Insights

The Case for Active in International Small-Caps

August 24, 2017

International small-caps have attractive attributes and active managers are well positioned to uncover the best that this underutilized asset class has to offer.

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