Are Investors At Odds With Reality?
Co-CIO Francis Gannon looks to psychology to explain why investor preferences remain stubbornly at odds with synchronized global economic growth. See … Read more
Royce Funds
How Higher Volatility And Lower Returns Can Be Good For Active Managers
Portfolio Manager Chuck Royce and Co-CIO Francis Gannon review 1Q18 and detail why they still favor profitable small-cap cyclicals with … Read more
CEO Chris Clark On Why Small-Caps Are Well Suited For Active Management
Royce CEO Chris Clark details why the emerging environment may be favorable for active strategies. See 2017 Hedge Fund Letters. … Read more
Why Earnings Matter More Than Volatility
Co-CIO Francis Gannon explains that, while global markets remain volatile, the earnings picture remains both strong and promising. Check out … Read more
Why One Small Cap Manager Feels At Home With Housing Stocks
PM Buzz Zaino talks about housing industry’s post-Financial Crisis recovery and how that’s created opportunities for his deep value strategy. … Read more
Selectivity, Cyclicals, And Small-Cap Valuations
Co-CIO Francis Gannon talks about why he thinks select small-cap cyclicals looks so well positioned to lead in the months … Read more
A Contrarian Value Investor On Two Airlines He Likes
Portfolio Manager Jay Kaplan talks about the changing airline industry and two small-cap carriers that have drawn his interest. Check … Read more
What A Small-Cap Value Veteran Likes About Technology
PM Buzz Zaino discusses the appeal of the industry dynamics in semiconductor and semiconductor capital equipment companies for his deep value … Read more
2017 Small-Cap Review And Outlook
2017 was a terrific year for stocks across much of the globe—yet it was also a seemingly odd year, playing … Read more
2017 Small-Cap Review – A Good Year, A Puzzling Pattern
A good year for equities, 2017 also looked a little strange at first… It was a terrific year for stocks … Read more
High Valuations + Ample Leverage = Risky Russell?
Co-CIO Francis Gannon on why too many companies with high leverage and/or no earnings make the Russell 2000 Index look risky. … Read more
PM Steven McBoyle’s Overview And Outlook For Our Quality Strategy
Portfolio Manager Steven McBoyle on what worked in our quality—or “premier”—strategy in 2017 and what may be in store in … Read more
Where Is A Veteran Small-Cap Manager Focusing Now?
Portfolio Manager Chuck Royce and Co-CIO Francis Gannon look at what’s most interesting about the current small-cap market cycle. Francis … Read more
How To Account For Risk In A High-Quality Approach
Portfolio Manager David Nadel discusses how he manages risk in his international small-cap portfolio. Why use a Quality at a … Read more
Deep Value Strategy
How was the deep value strategy first developed? The deep value strategy at Royce was started by Buzz Zaino about … Read more
