Francis Gannon In The Wall Street Journal—Royce
article 11-16-2020

Francis Gannon In The Wall Street Journal

Co-CIO Francis Gannon was quoted in The Wall Street Journal discussing small caps recently outperforming their large cap peers.


Co-CIO Francis Gannon was recently quoted in a The Wall Street Journal article “Big Gains From Small Stocks Power Russell 2000 Surge” by Paul Vigna discussing small caps recently outperforming large caps.

Read the article here.

The article cited investors betting that the administration of President Elect Joe Biden would push for more government spending to boost a recovery as to why small caps are beating their large cap peers. Francis said the sustainability of the recovery will be most relevant to small cap performance going forward.

“You had a narrow market with a struggling economy,” he was quoted saying in the article. “That idea of the economy broadening out and the earnings story is the real key.”

Read the article here.

Learn more about Francis Gannon here.

Important Disclosure Information

Mr. Gannon’s thoughts and opinions concerning the stock market are solely their own and, of course, there can be no assurance with regard to future market movements. No assurance can be given that the past performance trends as outlined above will continue in the future.

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.

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. The Russell 2000 Index is an unmanaged, capitalization-weighted index of domestic small-cap stocks. It 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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