Insights | Royce

Five Holdings That Can Benefit from the Resilient U.S. Consumer

by Kavitha Venkatraman and Joe Hintz

 Assistant Portfolio Managers Kavitha Venkatraman and Joe Hintz discuss the resilient U.S. consumer and the holdings and industries that look poised to benefit.
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Investment Focus

Four Small-Cap Quality Innovators

by Lauren Romeo, Steven McBoyle

PMs Lauren Romeo and Steven McBoyle on four holdings that are addressing secular opportunities.

Investment Focus

The Road Forward

by Francis Gannon

Co-CIO Francis Gannon explains why, during moments of extreme uncertainty, we have always relied on history as our guide.


CIO Small Talk

Royce Celebrates 50 Years of Small-Cap Investing

by Chuck Royce and Chris Clark

As we celebrate 50 years of small-cap investing, our founder Chuck Royce and CEO Chris Clark look back on the history of our firm and flagship portfolio, Royce Pennsylvania Mutual Fund.

Announcement

The Weather Is Changing—Emerging Calendar Tailwinds for Small-Caps

by Steve Lipper

Senior Investment Strategist Steve Lipper examines two calendar-based performance patterns that may suggest robust small-cap returns lie ahead. 

Strategist's Spotlight

Global Small-Cap Market Overview

A collection of charts that provides key takeaways from the quarter.

Small-Cap Research

Six Attractive International Small-Cap Opportunities

by Mark Fischer

Portfolio Manager Mark Fischer details how the current downturn is creating exciting long-term opportunities in the international small-cap space.

Investment Focus

Royce Small-Cap Special Equity Fund—3Q22 Update and Outlook

by Charlie Dreifus

Portfolio Manager Charlie Dreifus updates investors on how Royce Small-Cap Special Equity Fund outperformed its benchmark in 3Q22 and in the bearish first nine months of the year.

Investment Focus

U.S. Small-Cap Market Overview

A collection of charts that provides key takeaways from the quarter.

Small-Cap Research

Royce Small-Cap Total Return—3Q22 Update and Outlook

by Miles Lewis and Joe Hintz

Portfolio Managers Miles Lewis and Joe Hintz update investors on how Royce Small-Cap Total Return Fund performed in an up and down 3Q22, the challenging first nine months of the year, and their optimistic long-term outlook.

Investment Focus

Current Uncertainty, Long-Term Confidence

by Chuck Royce and Francis Gannon

Portfolio Manager Chuck Royce and Co-CIO Francis Gannon look at the up and down 3Q22 and detail why their long-term confidence in small-cap is so high.

Market Perspective

3Q22 Small-Cap Recap

by Francis Gannon

A rally and a re-test as the bear market rolls on.

Market Perspective

Podcast: Where Chuck Royce Is Finding Small-Cap Opportunities

by Chuck Royce, Andrew Palen, and Francis Gannon

Chuck Royce and Andrew Palen join Francis Gannon to talk about small-cap opportunities and the multidiscipline approach of Royce Pennsylvania Mutual Fund. 

Investment Focus

Podcast: Small-Cap Quality, Value, and Fallen Angels

by Miles Lewis, Joseph Hintz, and Steve Lipper.

Miles Lewis and Joe Hintz join Steve Lipper to discuss the opportunities created by recent volatility and the attributes they see in three holdings in their Small-Cap Quality Value Strategy. 

Investment Focus

Podcast: Opportunistic Values in Today’s Market

by Brendan Hartman, Jim Harvey, and Steve Lipper.

Brendan Hartman and Jim Harvey join Steve Lipper to discuss the current small-cap market and where they’re finding value in their theme-driven Small-Cap Opportunistic Value Strategy.

Investment Focus

Two Quality Small-Cap Holdings

by Lauren Romeo

Lauren Romeo talks about the current market, two high-confidence holdings, and why she’s optimistic about small-cap quality’s long-term prospects.

Investment Focus

A Great Time to Buy International Small-Caps?

by Mark Rayner and Mark Fischer

PMs Mark Rayner and Mark Fischer talked to Senior Investment Strategist Steve Lipper about how recent performance has created long-term buying opportunities in Royce International Premier Fund.

Investment Focus

A Rally to Rent or Own?

by Francis Gannon

Co-CIO Francis Gannon dissects the 3Q22 rally and looks at why our confidence in small-cap value and quality remains high.


CIO Small Talk

Semiannual Letter: Now Showing: “The Sum of All Fears”

by Chuck Royce, Chris Clark, and Francis Gannon

Why all the current bad news may be good news for small-cap investors over the long run.

Market Perspective

Pounding the Table for Small-Caps

by Steve Lipper

Senior Investment Strategist Steve Lipper looks at why challenging times like the present can ultimately reward small-cap investors.

Strategist's Spotlight

Royce Pennsylvania Mutual Fund—2Q22 Update and Outlook

by Chuck Royce, Lauren Romeo, Jay Kaplan, Steven McBoyle, Andrew Palen, and Miles Lewis

Lead Portfolio Manager Chuck Royce and Portfolio Managers Lauren Romeo, Jay Kaplan, Steven McBoyle, Andrew Palen, and Miles Lewis update investors on how our flagship portfolio, Royce Pennsylvania Mutual Fund, performed in 2Q22 and in the equally challenging first half of 2022 while offering their confident long-term outlook.

Investment Focus

Small-Cap Premier Quality Strategy—2Q22 Update and Outlook

by Lauren Romeo and Steven McBoyle

Co-Lead Portfolio Managers Lauren Romeo and Steven McBoyle discuss a difficult absolute, but strong relative return 2Q22 and first half before detailing their optimistic long-term outlook for the Small-Cap Premier Quality Strategy.

Investment Focus

Small-Cap Opportunistic Value Strategy—2Q22 Update and Outlook

by Jim Stoeffel, Brendan Hartman, Jim Harvey, and Kavitha Venkatraman

Portfolio Managers Jim Stoeffel, Brendan Hartman, and Jim Harvey, along with Assistant Portfolio Manager Kavitha Venkatraman manage our Small-Cap Opportunistic Value portfolios. In this article, the team details how the Strategy performed and updates clients on their outlook.

Investment Focus

Opportunistic Values in a Volatile Market

by Kavitha Venkatraman and Jim Harvey

Kavitha Venkatraman and Jim Harvey, CFA® discuss how they’ve been investing in our Small-Cap Opportunistic Value Strategy during turbulent times.

Investment Focus

Which Small-Caps Look Set to Benefit from Inflation?

by Jim Stoeffel

Portfolio Manager Jim Stoeffel on the opportunities created by inflation, investing in energy, consumer areas, and more.

Investment Focus

What Might Look Good in a Year?

by Chuck Royce, Jim Stoeffel, Steven McBoyle, and Mark Fischer

PMs Chuck Royce, Jim Stoeffel, Steven McBoyle, and Mark Fischer talk about an industry or investment theme they think may bode well for investors in a year’s time.

Investment Focus

Small-Cap Quality’s Advantages During Market Declines

by Steven McBoyle

PM Steven McBoyle details how quality has been holding up amid market volatility, how recent supply chain issues have affected his investment process, and where he’s finding quality small-cap opportunities in the semiconductor industry.

Investment Focus

Finding Non-U.S. Small-Caps Built to Last

by Mark Fischer

Portfolio Manager Mark Fischer talks about his investment process, opportunities he’s finding amid a tumultuous market, and more.

Investment Focus

Chuck Royce: Finding Investment Opportunities in an Uncertain Market

by Chuck Royce

Chuck Royce discusses three companies in which he has high confidence and explains why he thinks investors should remain in the market.

Investment Focus

Mind the Gap

by Francis Gannon

Co-CIO Francis Gannon on how the widening gap between valuations and fundamentals is creating opportunities for our Portfolio Managers.


CIO Small Talk

Where a Small-Cap Value Investor Sees Quality in Tech

by Joseph Hintz

Portfolio Manager Joseph Hintz, CFA®, Assistant Portfolio Manager for Royce Total Return Fund, talks about his quality value approach and how it sometimes leads him to overlooked technology companies.

Investment Focus

Moving Forward by Adding Investment Talent

by Chris Clark

CEO and Co-CIO Chris Clark discusses recent Portfolio Manager elevations and other important changes that became effective with the updated Prospectuses on 5/1/22, as well as new additions to our investment staff.

Investment Focus

Why Reallocate from Large- to Small-Caps Now?

by Steve Lipper

Senior Investment Strategist Steve Lipper looks to the historical data to make the case for allocating to small-cap stocks.

Strategist's Spotlight

Royce Total Return—1Q22 Update and Outlook

by Miles Lewis and Chuck Royce

Miles Lewis and Chuck Royce detail recent performance for Royce’s Small-Cap Quality Value Strategy as well as current opportunities and their outlook for the portfolio.

Investment Focus

International Premier Quality Strategy—1Q22 Update and Outlook

by Mark Rayner and Mark Fischer

Lead Portfolio Manager Mark Rayner and Portfolio Manager Mark Fischer discuss their upbeat long-term outlook in spite of a difficult 1Q22 for the International Small-Cap Premier Quality Strategy.

Investment Focus

The Case for Global Small-Cap Quality

by Steve Lipper

Is there an "Iron Law" of Value Creation? Our latest research paper looks at why there may be.

Small-Cap Research

How Royce Is Adapting to a Volatile Environment

by Steve Lipper

Senior Investment Strategist Steve Lipper details how small-cap styles are being affected by the current environment and how Royce is navigating these shifts.

Strategist's Spotlight

Why an Iconic Denim Brand Is an Attractive Opportunity

by Miles Lewis

Miles Lewis discusses two opportunities he currently favors for our dividend value approach.

Investment Focus

Chuck Royce on Three High-Confidence Holdings

by Chuck Royce

Chuck Royce details three distinct companies that currently have his long-term confidence.

Investment Focus

How a Veteran PM Invests in Bear Markets

by Charlie Dreifus

Charlie Dreifus discusses his take on the sharp market decline, three companies he’s optimistic about, and more.

Investment Focus

Down Market Opportunities: Two Premier Quality Small-Caps

by Lauren Romeo

PM Lauren Romeo talks about down market opportunities, the small-cap earnings season, and two high-quality holdings in our Premier Quality Strategy.

Investment Focus

How to Use a Volatile Market

by Francis Gannon

Co-CIO Francis Gannon looks at current volatility, small-cap earnings, and why small-caps with strong fundamentals are well positioned.


CIO Small Talk

Finding Opportunities in International Small-Caps

by Mark Rayner, Mark Fischer, and Yutetsu Ametani

The portfolio management team for Royce International Premier Quality Strategy identifies 14 companies, discusses recent performance, and details their optimistic outlook.

Investment Focus

Manager Commentaries

Twice a year, our Fund Manager Commentaries give you a detailed look at their portfolio’s performance, positioning, prospects, and opportunities.

Investment Focus

Our Annual Update for Clients and Partners

by Chris Clark

Get the latest news and investment team updates.

Investment Focus

Annual Letter: The Market’s Unexpected Guest

by Chuck Royce, Chris Clark, and Francis Gannon

Why we’re confident in small-cap value amid the bear market, the Fed pivot, and inflation.

Market Perspective

Will Small-Cap Value’s Outperformance Continue?

by Steve Lipper

Senior Investment Strategist Steve Lipper looks to the data to explain why the small-cap value rally may have some way to go.

Strategist's Spotlight

Royce Pennsylvania Mutual Fund—4Q21 Update and Outlook

by Chuck Royce, Jay Kaplan, and Andrew Palen

Lead Portfolio Manager Chuck Royce and Portfolio Managers Jay Kaplan and Andrew Palen update investors on how our flagship portfolio, Royce Pennsylvania Mutual Fund, performed in 4Q21 and 2021 as a whole while offering their confident outlook for 2022.

Investment Focus

Opportunistic Value Strategy—4Q21 Strategy Update and Outlook

by Jim Stoeffel, Brendan Hartman, Jim Harvey, and Kavitha Venkatraman

The portfolio management team for our opportunistic value strategies is led by Portfolio Managers Jim Stoeffel, Brendan Hartman, and Jim Harvey, along with Assistant Portfolio Manager Kavitha Venkatraman. Here, the team details how the strategy performed and updates clients on their outlook.

Investment Focus

Premier Quality Strategy—4Q21 Update and Outlook

by Chuck Royce, Lauren Romeo, and Steven McBoyle

Lead Portfolio Manager Chuck Royce and Portfolio Managers Lauren Romeo, CFA® and Steven McBoyle update investors on how our Small-Cap Premier Quality Strategy performed and detail their optimistic outlook for 2022.

Investment Focus

Global Small-Caps: A World of Overlooked Opportunities

by Steve Lipper

Steve Lipper makes his case for allocating to global small caps.

Small-Cap Research

PM Roundtable: 2022 Small Cap Outlook

by Chuck Royce, Jay Kaplan, and Andrew Palen

On 12/15/21, Senior Investment Strategist Steve Lipper welcomed Portfolio Managers Chuck Royce, Jay Kaplan, and Andrew Palen to discuss their outlook and highest conviction ideas for 2022 in a discussion that focused on our flagship portfolio, Royce Pennsylvania Mutual Fund.

Investment Focus

Three PMs' Highest Conviction Stocks for 2022

by Miles Lewis, Steven McBoyle, and Jim Stoeffel

PMs Miles Lewis, Steven McBoyle, and Jim Stoeffel detail why these small cap companies are their highest conviction ideas for next year.

Investment Focus

Chuck Royce: Investing Through the Pandemic

by Chuck Royce

Chuck Royce discusses how he looked at investing during Covid, the opportunities he’s currently focused on, and more.

Investment Focus

Finding Attractive Stocks for Our Opportunistic Value Strategy

by Jim Stoeffel

PM Jim Stoeffel details how Royce’s Opportunistic Strategy identifies value stocks, the benefits of its new team, and where the team is finding attractive opportunities.

Two Timely Holdings in Our Quality Value Strategy

by Miles Lewis

PM Miles Lewis reviews his Quality Value approach, details two holdings he finds attractive, and three industries he currently favors.

Investment Focus

Earnings Are Fueling Small Cap’s Recent Rebound

by Francis Gannon

Co-CIO Francis Gannon on how earnings growth is driving recent small-cap performance.


CIO Small Talk

Three Industry Shifts Helping 4 Quality Holdings

by Steven McBoyle

PM Steven McBoyle details four Premier companies that are benefiting from industry trends.

Investment Focus

New APM Kavitha Venkatraman on Our Opportunistic Value Strategy

by Kavitha Venkatraman

Assistant PM Kavitha Venkatraman, who joined Royce in October, discusses the most critical metrics she looks for in a company, what drew her to our Small-Cap Opportunistic Value Strategy, which industries she believes have attractive valuations, and more.

Investment Focus

Three PMs on COVID-Driven Opportunities

by Lauren Romeo, Andrew Palen, and Brendan Hartman

Lauren Romeo, Andrew Palen, and Brendan Hartman discuss how businesses are adapting to the post-Covid world and the opportunities these changes are creating.

Investment Focus

The Undiscovered Connection: Value-Led Periods and Active Management

by Steve Lipper

There seems to be a notable historical trend of active small-cap managers outperforming the Russell 2000 Index in periods when value stocks lead, while trailing the small-cap index when growth stocks lead.

Small-Cap Research

Small Cap Outlook: What’s Likely to Continue—or Change?

by Steve Lipper

Senior Investment Strategist Steve Lipper examines the current environment in historical context to make the case that small cap seems likely to beat large cap and small-cap value to outperform growth.

Strategist's Spotlight

International Premier Quality Strategy—3Q21 Update and Outlook

by Mark Rayner and Mark Fischer

Lead Portfolio Manager Mark Rayner and Portfolio Manager Mark Fischer update clients on our International Small-Cap Premier Quality Strategy’s performance and offer their long-term outlook.

Investment Focus

Royce Total Return—3Q21 Strategy Update and Outlook

by Miles Lewis and Chuck Royce

Miles Lewis and Chuck Royce, who manage Royce Total Return Fund, update clients on the portfolio’s recent performance and their cautiously optimistic outlook.

Investment Focus

Challenges & Opportunities of the Current Labor Shortage

PMs Brendan Hartman and Jay Kaplan discuss how the current labor shortage is affecting their holdings.

Investment Focus

Surviving Adversity to Thrive in Recovery

by Francis Gannon

Co-CIO Francis Gannon on why small-cap companies that effectively managed COVID hardships look poised to lead.


CIO Small Talk

Three PMs on Small-Cap Volatility and Opportunities

by Lauren Romeo, Jay Kaplan, and Andrew Palen

Portfolio Managers Lauren Romeo, Jay Kaplan, and Andrew Palen on how they’re managing recent volatility for our flagship, Royce Pennsylvania Mutual Fund.

Investment Focus

Overlooked Opportunities in International Small Cap Podcast

PMs Mark Rayner and Mark Fischer detail how their portfolio is positioned for inflation, finding non-cyclical industrial companies, and more.

Investment Focus

With Headlines Like These, Why Allocate to Non-U.S. Small-Caps?

by Steve Lipper

Senior Investment Strategist Steve Lipper makes his contrarian case for investing in non-U.S. small caps today.

Strategist's Spotlight

The Boring, But Timely, Case for Quality

by Steve Lipper

Senior Investment Strategist Steve Lipper looks at why investing in high-quality small caps has been historically successful.

Strategist's Spotlight

Penn—2Q21 Strategy Update and Outlook

by Chuck Royce, Steven McBoyle, and Andrew Palen

The portfolio management team for our flagship, Royce Pennsylvania Mutual Fund, is led by Chuck Royce, along with Portfolio Managers Jay Kaplan, Lauren Romeo, Steven McBoyle, Andrew Palen, and Miles Lewis. We asked Chuck, Steven, and Andrew to update clients on the portfolio’s recent performance and explain their optimistic outlook.

Investment Focus

Opportunistic Value Strategy—2Q21 Strategy Update and Outlook

by Buzz Zaino, Jim Stoeffel, Brendan Hartman, and Jim Harvey

The portfolio management team for Royce Opportunity Fund and our other opportunistic value strategies is led by Buzz Zaino, along with Portfolio Managers Jim Stoeffel, Brendan Hartman, and Jim Harvey. In this piece, the team updates clients on the portfolio’s strong performance and their optimistic outlook.

Investment Focus

Small Caps and Inflation

by Charlie Dreifus, Jim Stoeffel, Miles Lewis, and Jay Kaplan

We recently asked four of our small-cap value portfolio managers to tell us how increasing inflation is affecting the way they’re managing their strategies.

Investment Focus

Can Small Cap Cyclicals Keep Running?

by Francis Gannon

Has the bulk of improved corporate profitability already been reflected in stock prices, or can select small caps continue to perform well?


CIO Small Talk

CRO Gunjan Banati on Why Engagement and Proxy Voting Matter

by Gunjan Banati

Our conversation with Chief Risk Officer Gunjan Banati, who leads Royce's ESG efforts, on how company engagement and proxy voting are integral parts of our ESG activities.

Investment Focus

Two Quality Small-Cap Cyclicals

by Lauren Romeo

Portfolio Manager Lauren Romeo on why high-quality small-cap cyclicals look poised to do well in an expanding global economy.

Investment Focus

Refining Our Dividend Value Approach

by Miles Lewis and Chuck Royce

As Miles Lewis takes the helm of Royce Total Return Fund, we spoke to him and Chuck Royce about what we look for in dividend-paying small caps and where the current opportunities lie.

Investment Focus

Will This Small Value Cycle Last?

by Steve Lipper

Senior Investment Strategist Steve Lipper provides four reasons why he believes that small-cap value will continue to lead.

Strategist's Spotlight

Chris Clark on Developing Investment Talent and PM Elevations

by Chris Clark

CEO and Co-CIO Chris Clark outlines how Royce approaches developing investment talent and the most recent Portfolio Manager elevations.

Investment Focus

Five Questions with Buzz Zaino

by Buzz Zaino

Boniface “Buzz” Zaino recently resumed leading the portfolio management team for Royce Opportunity Fund and our other offerings that are managed with the same disciplined approach he developed.

Investment Focus

International Premier Quality Strategy—1Q21 Update and Outlook

by Mark Rayner and Mark Fischer

Portfolio Manager Mark Rayner and Senior Analyst Mark Fischer update clients on our International Small-Cap Premier Quality Strategy’s performance and detail their long-term optimism.

Investment Focus

Premier Quality Strategy—1Q21 Update and Outlook

by Chuck Royce, Lauren Romeo, and Steven McBoyle

Lead Portfolio Manager Chuck Royce and Portfolio Managers Lauren Romeo, CFA and Steven McBoyle provide an update on how our Small-Cap Premier Quality Strategy performed as well their optimistic outlook for the rest of the year.

Investment Focus

Riding the Micro-Cap Wave

by Jim Stoeffel and Brendan Hartman

Lead PM Jim Stoeffel and PM Brendan Hartman discuss their risk-aware approach to buying micro-cap stocks and talk about two holdings that exemplify their stock selection process.

Investment Focus

Is the Small-Cap Earnings Recovery Just Beginning?

by Francis Gannon

Co-CIO Francis Gannon on why he thinks earnings will drive the market as the economy heats up.


CIO Small Talk

Finding Growth at Reasonable Prices

by Chip Skinner

Portfolio Manager Chip Skinner details his “GARP” approach and discusses two holdings that exemplify his stock selection process.

Investment Focus

Overlooked Opportunities Podcast With Mark Rayner

PM Mark Rayner details the process for his high-quality strategy and two international small cap opportunities he believes other investors are overlooking.

Investment Focus

Annual Firm Update

by Chris Clark

CEO and Co-CIO Chris Clark provides our clients and partners with an update on Royce Investment Partners.

Market Perspective

Royce Pennsylvania Mutual Fund—4Q20 Update and Outlook

by Chuck Royce, Jay Kaplan, Steven McBoyle, Lauren Romeo, and Miles Lewis

Portfolio Managers Chuck Royce, Jay Kaplan, Steven McBoyle, Lauren Romeo, and Miles Lewis talk about what drove the Fund’s performance in 2020 and provide an outlook for 2021.

Investment Focus

The Case for Allocating to International Small-Cap Stocks

by Steve Lipper

Steve Lipper discusses the opportunities asset allocators can find in international small-caps based on their historically lower volatility as well as their absolute and relative performance.

Small-Cap Research

Why Consider Small-Caps Now in Three Charts

by Steve Lipper

Senior Investment Strategist Steve Lipper details two of Royce’s analytical frameworks that make the case for investing in small caps now.

Strategist's Spotlight

Special Equity Strategy—4Q20 Update and Outlook

by Charlie Dreifus

Portfolio Manager Charlie Dreifus tells us what drove his Strategy’s impressive relative performance in 2020 as well as what his outlook is for 2021.

Investment Focus

Three Questions with Steven McBoyle

In our latest podcast, Senior Investment Strategist Steve Lipper interviews PM Steven McBoyle on contrarian investments, companies accelerating their adoption of technology, and more.

Investment Focus

Small Cap Rotation, Reopening, and Reversion

by Francis Gannon

CO-CIO Francis Gannon explains why he thinks November’s rotation into small caps looks likely to last.


CIO Small Talk

Small-Cap Companies Poised to Rebound from the Pandemic

by Steven McBoyle, Mark Rayner, and Miles Lewis

We asked Portfolio Managers Steven McBoyle, Mark Rayner, and Miles Lewis to weigh in on the companies they think will make strong rebounds from the pandemic.

Investment Focus

How Will the Election Affect Small Caps?

by Charlie Dreifus, Francis Gannon, and Steve Lipper

We asked three of our small-cap experts to weigh in on the effects the 2020 elections may have on small-cap prospects.

Market Perspective

Small Cap Season Begins

by Steve Lipper

Senior Investment Strategist Steve Lipper explains that the election may not be the most important development for small caps this week as it is the start of small cap season.

Strategist's Spotlight

International Premier Quality Strategy—3Q20 Update and Outlook

by Mark Rayner

Portfolio Manager Mark Rayner offers an update on how our International Small-Cap Premier Quality Strategy performed in 3Q20 and discusses his outlook.

Investment Focus

Premier Quality Strategy—3Q20 Update and Outlook

by Chuck Royce, Lauren Romeo, and Steven McBoyle

Lead Portfolio Manager Chuck Royce and Portfolio Managers Lauren Romeo, CFA and Steven McBoyle provide an update on how our Small-Cap Premier Quality Strategy performed in 3Q20 and detail their outlook.

Investment Focus

Is It a Good Time to Invest in Small-Caps?

by Steve Lipper

Steve Lipper explains why past market cycle patterns, recent subpar small-cap returns, and higher than average equity risk premiums are three indicators that small-caps may be poised to do well going forward.

Strategist's Spotlight

Three Questions with Miles Lewis

In our latest podcast, Senior Investment Strategist Steve Lipper interviews PM Miles Lewis on how he invests in dividend-paying Financials, contrarian positions in retail, and more.

Investment Focus

How Does Royce Define Emerging Quality?

by Andrew Palen

Assistant PM Andrew Palen explains the importance of our Emerging Quality theme in Royce Pennsylvania Mutual Fund’s multi-discipline approach.

Investment Focus

Evaluating Governance in International Small-Caps

by Mark Fischer

Mark Fischer, Senior Analyst and Director of International Research, talks about the appeal of non-U.S. small-caps as well as the importance of effective governance.

Investment Focus

Three Questions With Jay Kaplan

In a podcast interview, Senior Investment Strategist Steve Lipper asks PM Jay Kaplan how he’s been navigating investing in a robust market with a struggling economy, where he is finding opportunities, and more.

Investment Focus

What’s Working In Small-Caps?

by Francis Gannon

Co-CIO Francis Gannon highlights some surprising pockets of small-caps earnings strengths.


CIO Small Talk

Lauren Romeo On 3 Small-Cap Premier Quality Holdings

by Lauren Romeo

PM Lauren Romeo talks about three key holdings in our Premier Quality Strategy and offers her outlook for small-cap stocks.

Investment Focus

Three Questions With Charlie Dreifus

In our first-ever podcast, Senior Investment Strategist Steve Lipper talks to Charlie Dreifus about Fed interventions, his recent interest in financial companies, and more.

Investment Focus

Is It Different This Time?

by Steve Lipper

Senior Investment Strategist Steve Lipper details how recent Fed moves could potentially benefit small-caps.

Strategist's Spotlight

Royce’s Distinctive Approach To International Investing

PM Mark Rayner details the rigorous approach he utilizes for Royce’s International Small-Cap Premier Quality strategy.

Investment Focus

Interview With Portfolio Manager Miles Lewis

by Miles Lewis

In an interview with Portfolio Manager Miles Lewis, who joined Royce in May, he describes his investment approach, what factors are important to him as an investor, and what he thinks of the current small-cap market.

Investment Focus

Green Shoots for Small-Cap Stocks

by Francis Gannon

While on average recent small-cap earnings have looked grim, Co-CIO Francis Gannon looks at those areas that are seeing positive results.


CIO Small Talk

Charlie Dreifus On Investing In The Bear Market

by Charlie Dreifus

Charlie Dreifus details how he’s navigating the market and how he is evaluating companies in these tumultuous times.

Market Perspective

Don’t Trust Your Instincts

by Steve Lipper

Two counterintuitive reasons to invest in small-caps.

Strategist's Spotlight

International Premier Quality—An Update and Outlook

by Mark Rayner

We recently asked Portfolio Manager Mark Rayner for an update and his latest outlook for our International Small-Cap Premier Quality Strategy.

Investment Focus

Premier Quality—An Update and Outlook

by Chuck Royce, Lauren Romeo, and Steven McBoyle

We recently asked Lead Portfolio Manager Chuck Royce and Portfolio Managers Lauren Romeo, CFA and Steven McBoyle for an update and the latest outlook for our Small-Cap Premier Quality Strategy that Chuck has been managing since 1991.

Investment Focus

Special Equity—An Update and Outlook

by Charlie Dreifus

We recently asked Portfolio Manager Charlie Dreifus for an update and outlook for the Small-Cap Special Equity Strategy that he’s been managing at Royce since 1998.

Investment Focus

Royce Investment Partners Firm Update Regarding The Coronavirus

by Chris Clark

CEO and Co-CIO Chris Clark updates shareholders and clients on how Royce Investment Partners is operating amid coronavirus concerns.

Announcement

Investing In Challenging Times

by Chuck Royce and Charlie Dreifus

An interview with Chuck Royce and Charlie Dreifus.

Market Perspective

Navigating The Small-Cap Market Amid Coronavirus Concerns

by Francis Gannon

Co-CIO Francis Gannon on how Royce is investing during a tumultuous time and why he remains confident in the long-term prospects for small-cap stocks.


CIO Small Talk

Annual Royce Investment Partners Firm Update

by Chris Clark

CEO and Co-CIO Chris Clark updates shareholders and clients on new developments at our firm.

Market Perspective

Will 2020 See Widespread Earnings Recovery For Small-Caps?

by Francis Gannon

Co-CIO Francis Gannon details research that shows why he believes small-cap earnings may have a multi-quarter turnaround.

CIO Small Talk

Performance Review And Outlook For Total Return

by Jay Kaplan

PM Jay Kaplan recaps investors on how our Dividend Value Approach performed in 2019 and how 2020 may be better.

Investment Focus

Micro-Cap Stocks: A Timely Opportunity

by Francis Gannon

Francis Gannon details why he believes micro-cap stocks are poised to do well going forward.

Market Perspective

How Will 2020 Be Different From 2019?

Five small-cap specialists on how they think this year will be different.

Market Perspective

How A Changing Environment May Impact Our Small-Cap Special Equity Strategy

by Charlie Dreifus

Charlie Dreifus details what factors made 2019 challenging and how 2020 may be different.

Investment Focus

2019 Review & Outlook For Our International Premier Quality Strategy

by Mark Rayner

PM Mark Rayner on what worked and what didn’t for our international approach, and where he’s been finding opportunities.

Investment Focus

Can Small-Caps Lead In 2020?

by Chuck Royce and Francis Gannon

Chuck Royce and Francis Gannon recap 2019 and discuss where they’re finding opportunities.

Market Perspective

Two Misunderstood Premier Quality Small-Caps

by Lauren Romeo

PM Lauren Romeo gives a comprehensive review of two key holdings in our Premier Quality Strategy.

Investment Focus

Mark Rayner On Brexit And The U.K. Election

by Mark Rayner

PM Mark Rayner discusses the U.K.’s recent election and how Brexit may impact our International Small-Cap Premier Quality Strategy.

Market Perspective

Micro-Caps on the Move

by Francis Gannon

After a long period of underperformance, the last three-plus months have seen an encouraging upward move for micro-cap stocks.


CIO Small Talk

Introducing Royce Investment Partners

Our new name better describes our position as a preeminent small-cap investment boutique while also better reflecting our expanded client base.

Announcement
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