Whitney George on Royce Value Fund

We have clearly been in a phase that favors our style of stock-picking, that is, one which starts with strong balance sheets. Within small-cap, higher quality, upper-end companies have worked well for qualitative reasons and because of liquidity concerns.  Among our product offerings, the more high-quality, more focused portfolios, like Royce Value Fund, have been among the best performers lately.

Charlie Dreifus on the Importance of Capital Preservation

"The mathematics of loss are always unfavorable. Consider, for example, that a 30% loss requires a nearly 43% rebound just to be even again."

News

• Time For A Change: Royce Pennsylvania Mutual Fund
• The Royce Funds Win Seven Lipper Awards

Making Headlines

• WSJ Features Royce Micro-Cap Fund (RYOTX)
• Fool.com Likes the Strategy of Royce Low-Priced Stock Fund (RYLPX)

Technical Difficulties?

While it may be obvious that Technology remains an integral part of any competitive business enterprise and economy, the sector’s recent troubles show that many investors seem to  have forgotten this fact. This helps to explain why, following years of underperformance by tech stocks and under-spending by American businesses, we believe that the technology sector is ripe with opportunity.