3Q19 review and outlook
Returns for most U.S. small-cap equities were mixed in 3Q19, but unexpected and welcome reversals were the real story.
Four small-cap specialists discuss inflation, active management, market contradiction and financial accommodation.
Chuck Royce and Francis Gannon are optimistic for small-caps going forward despite negative market sentiment.
What investors don’t want to overlook about the next leg of the small-cap journey.
History suggests that small-cap stocks may have more room to run, but some companies appear better positioned to lead than others.
Chart of the Week
Chart courtesy of ClearBridge Investments. Source: Bloomberg, as of 9/30/19. 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.
Chart of the Week
Current market uncertainties are generating potential opportunities for income investors.
A look back at history supports the idea of a shift in leadership to small-cap stocks.
The case for a strategic allocation to international small cap is well supported by historical data.
Deceleration in economic growth could lead to an acceleration in M&A deals.
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.
All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Please see each product’s webpage for specific details regarding investment objective, risks, performance and other important information. Review this information carefully before you make any investment decision.