The Strong Small-Cap Rally Will Keep Rolling

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The Strong Small-Cap Rally Will Keep Rolling
By User:klip game (Own work) [Public domain], via Wikimedia Commons

In a recent Royce Funds webcast, small-cap pioneer Chuck Royce, Portfolio Manager Charlie Dreifus, Co-CIO Francis Gannon, and Senior Investment Strategist Steve Lipper discussed their outlook for small-cap stocks and offered their thoughts on what’s driving the current rally, market leadership for value, and the prospects for active management.

Small-Cap Rally

In a recent Royce Funds webcast, small-cap pioneer Chuck Royce, Portfolio Manager Charlie Dreifus, Co-CIO Francis Gannon, and Senior Investment Strategist Steve Lipper discussed their outlook for small-cap stocks and offered their thoughts on what’s driving the current rally, market leadership for value, and the prospects for active management.

Steve Lipper explained that he sees further strength for the asset class: “We have had a bear market in small-cap stocks that they didn’t have in large-cap. The depth of the decline, the breadth of the advance, and the lack of participation to date all seem to be reasons to be somewhat comfortable with further advances.”