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Commentary
Royce has been finding high quality businesses around the globe for many years. Learn how we apply our stringent risk-averse approach internationally and seek to take advantage of inefficiencies in the market.
Global Small-Caps: An Important Part of Your Asset AllocationVolatility in Micro-Caps Can Open the Door to Investment Opportunity
Micro-cap stocks represent a dynamic element of our investment universe and often times this misunderstood asset class offers unique opportunities not found elsewhere in equities.
The semiannual Performance Discussions, drawn from our financial reports, help you to understand each Fund's recent performance and how each portfolio's approach has worked over the last one-year or six-month time period, though we also discuss certain investments over longer-term time spans.
Can Stocks Avoid Another Bear in Spring?
Investors may be spooked by ominous economic headlines for a third consecutive spring, but we’re still seeing plenty of well-run small-caps with confident, capable management.The Great Divide: Company Fundamentals vs. Macroeconomics
Over time, companies tend to have more influence on their own success or failure than do the broader economic trends around them.Sri Lanka: Recovery, Growth, Opportunities, and Concerns
Following years of civil war, Sri Lanka faces significant growing pains, but also offers a number of promising opportunities for cautious, disciplined investors.
View the May 2012 eWordVolatility in Micro-Caps Can Open the Door to Investment Opportunity; The Gannon Report: Can Stocks Avoid Another Bear in Spring?; The Contrarian View: Preservation of Capital vs. Margin of Safety; Royce Researches: The Valuation Challenge: Inexpensive Quality Remains Plentiful in Small-Caps; Exploring Global Small-Caps: Sri Lanka: Recovery, Growth, Opportunities, and Concerns
Download a PDF of the Spring 2012 RWord which features Chuck Royce's first quarter interview, Jay Kaplan on Quality Stocks, The Contrarian View: Value - It's Not All Relative and more.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.