Francis Gannon Making the Case for Active Management On Nasdaq TradeTalks—Royce
article 08-19-2021

Francis Gannon Making the Case for Active Management On Nasdaq TradeTalks

Co-CIO Francis Gannon discussed on Nasdaq TradeTalks his optimistic outlook for small cap active management and company earnings within the asset class.


Co-CIO Francis Gannon joined host Jill Malandrino on Nasdaq TradeTalks to detail his thoughts on the global economic recovery and make his case for active management.

Watch the video here.

Francis detailed that small cap companies have boasted strong earnings, adding that sectors within the asset class that Royce PMs favor are also showing generally strong results, despite the Russell 2000 Index's current down performance. In addition, Francis believes strong nominal GDP growth can help small caps catch up on a relative basis to their large cap siblings.

He noted that inflation hasn’t impacted the investment approach at our Firm, explaining that rising interest rates have historically boded well for small caps. Francis added that increasing inflation has typically provided a good backdrop for the asset class.

Watch the video here.

Learn more about Francis Gannon here.

Important Disclosure Information

The thoughts and opinions expressed in the video are solely those of the persons speaking as of August 17, 2021 and may differ from those of other Royce investment professionals, or the firm as a whole. There can be no assurance with regard to future market movements.

The performance data and trends outlined in this presentation are presented for illustrative purposes only. Past performance is no guarantee of future results. Historical market trends are not necessarily indicative of future market movements.

Sector weightings are determined using the Global Industry Classification Standard ("GICS"). GICS was developed by, and is the exclusive property of, Standard & Poor's Financial Services LLC ("S&P") and MSCI Inc. ("MSCI"). GICS is the trademark of S&P and MSCI. "Global Industry Classification Standard (GICS)" and "GICS Direct" are service marks of S&P and MSCI.

Frank Russell Company (“Russell”) is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company. Neither Russell nor its licensors accept any liability for any errors or omissions in the Russell Indexes and / or Russell ratings or underlying data and no party may rely on any Russell Indexes and / or Russell ratings and / or underlying data contained in this communication. No further distribution of Russell Data is permitted without Russell’s express written consent. Russell does not promote, sponsor or endorse the content of this communication. All indexes referenced are unmanaged and capitalization-weighted. The Russell 2000 Index is an index of domestic small-cap stocks that measures the performance of the 2,000 smallest publicly traded U.S. companies in the Russell 3000 Index. The performance of an index does not represent exactly any particular investment, as you cannot invest directly in an index.

This material is not authorized for distribution unless preceded or accompanied by a current prospectus. Please read the prospectus carefully before investing or sending money. Smaller-cap stocks may involve considerably more risk than larger-cap stocks. (Please see "Primary Risks for Fund Investors" in the prospectus.)



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