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Discover what we are thinking about the equity markets and the small-cap asset class, as well as value and growth investing.
The Valuation Challenge: Inexpensive Quality Remains Plentiful in Small-Cap
Quality is not only plentiful within the small-cap universe, but it is also attractively valued right now across the market cap spectrum.
Cyclicality Is Our Friend: Market Downturns Can Build Better Future Returns
The small-cap downturn in 2011 was no fun, but downturns are neither unusual nor unprecedented. More important, in our view they remain key components in building higher long-term returns.
Silver Demand Creates Small-Cap Opportunities
Royce examines the silver-to-gold ratio, how silver could shine whether the economy faces inflation, stagflation or biflation, and how its demand is keyed by growing industrial uses.
Why Our Love Affair With Dividends Is Still Going Strong
We have long maintained that dividends can be an integral part of a successful long-term investment strategy in the small-cap asset class.
The Case For Active Management
Beating the market doesn't come easy, but some managers find a way over the long term.
Is Gold the Latest Investment Bubble?
We recently attended the Denver Gold Conference in Colorado. It felt not unlike an internet-company conference circa 1998 and made us ask the difficult question: is gold investment in the bubble phase? We don’t think so, but we’re happy to debate it.
Absolute Focus: Three Hallmarks of Our Value Approach
We believe that our absolute return focus provides the greatest opportunity to build wealth.
Cornerstones of our Value Approach
A look at our security selection process including the balance sheet, cash flow and cap rate.
Quality Recognizes No Borders: Royce's Global/International Funds
We have found that quality is a truly international concept, an idea that recognizes no borders.
Small Talk: 20 Questions with Co-CIOs Chuck Royce and Whitney George
Co-CIOs Chuck Royce and Whitney George discuss what they believe sets Royce's investment style apart.
Small-Cap: The Evergreen Asset Class
Our choice of a benchmark reflects the need for broad representation across an asset class.
Commitment. Discipline. Consistency.
A complete overview of our background, disciplined approach, selection process and investment team.
The Royce Fund Guide
Designed to help you better understand both the different approaches and the common ground among our funds.
Trading at Royce & Associates
The trading function is an integral part of our investment process and one of our key competitive strengths.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.
The Royce Funds invest primarily in securities of mid-cap, small-cap and micro-cap stocks that may involve considerably more risk than investments in securities of larger-cap companies (see Primary Risks for Fund Investors in the prospectus).
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Royce & Associates, LLC, 745 Fifth Avenue, New York, NY 10151, (800) 221-4268. All rights reserved. Distributor of The Royce Fund and Royce Capital Fund: Royce Fund Services, Inc., a wholly owned subsidiary of Royce & Associates. The Royce Funds are offered and sold only to persons residing in the United States and are offered by prospectus only. The prospectuses include investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing. View our Policies & Procedures, including, among others, our Sarbanes-Oxley Code of Ethics, Privacy Policy and Proxy Voting Guidelines and Procedures.