Featured Insights


Chart of the Week

STOCK VALUATION: THE UPSIDE OF THE DOWNDRAFT

Source: Bloomberg, October 12, 2018. *Forward P/E values are based on Bloomberg Estimates Earnings Per Share. 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

Today's challenge: Markets vs. economics

Last week's markets left investors looking to economics for clues; Italy faced up to the EU; China's trade surplus ballooned


Featured Insights

Investment Insights
Aug 15
Investment Insights

Putting International Small-Caps on the Map

August 15, 2018

The case for a strategic allocation to international small cap is well supported by historical data.

Investment Insights
Aug 06
Investment Insights

Small-cap stocks

What most investors are overlooking

August 06, 2018

From upcoming U.S. midterm elections to ongoing deregulation, four small-cap specialists discuss what they believe many investors are not considering -- but should be.

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.

Market Outlook
May 03
Market Outlook

Small-cap stocks:

At Odds With Reality

May 03, 2018

History suggests that it's time for value stocks—as well as cyclical sectors—to take the lead in small-caps, yet investors seem to be resisting the shift. What's behind the disconnect?

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.

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