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Royce Looks Back at 2011, a Year of Correlation, Capitulation, and Consternation
The past year offered high volatility, a significant downturn, and a welcome rally to close out the year. After a wild 12 months, it was amazing how little most markets moved.
Growth Through Acquisitions in Uncertain Times
We are continually struck by the way smaller companies continue to grow and operate in this ambiguous and anemic economic environment.
Charlie Dreifus Reveals His Secret Sauce for Royce's Special Equity Funds
Charlie Dreifus’s strategy for Royce Special Equity Funds provided positive absolute returns in an environment fraught with volatility and high correlation.
Finding Opportunity in Correlated Markets
In highly correlated markets like 2011, we find ourselves building existing positions and revisiting old favorites at least as frequently as investing in new companies.
Chuck Royce on 4Q 2011: Quality Small-Caps Look Poised to Rebound
Co-CIO Chuck Royce looks ahead and sees great potential for a strong run for quality small-cap stocks.
Whitney George on 2011: High Volatility and Attractive Valuations
Whitney George looks back at 2011 and details why he thinks small-cap valuations are as attractive as he's seen in three years.
Is One Man's Index Another's Benchmark?
Unlike a lot of investment managers, we do not manage against a particular index and instead think of ourselves as benchmark agnostic.
The Road Not Taken: Contrarian Thinking is a Critical Part of the Royce Approach
Patience is an increasingly rare commodity in equity investing, one that we believe has also become a contrarian characteristic.
A Look Back at 2011's Global Market and a Bullish Outlook for 2012
Royce’s Director of International Research David Nadel sees compelling small-cap opportunities outside the U.S. and thinks that 2012 could prove to be a year when international equities come storming back.
What Does Risk Mean in Today's Market?
As we have always done during difficult periods, we are adding risk as the market is removing it by reducing valuations.
Experience and Focus Drive Royce Opportunity Fund's 15 Years
Portfolio Managers Buzz Zaino and Bill Hench reflect on 15–year old Royce Opportunity Fund and their unique and disciplined opportunistic value approach.
Rediscovering Royce Discovery Fund
Portfolio Managers George Necakov and Jim Harvey discuss how Royce performs quantitative analysis and how the changes we made to Royce Discovery Fund in August 2010 have affected its portfolio of micro-cap stocks.
What If the "What-ifs" Don't Pan Out?
As we have seen and heard in many third-quarter earnings reports, fundamentals are clearly better than the dire daily headlines.
Chuck Royce on 3Q 2011: Be Patient and Take the Long View
Co-CIO Chuck Royce looks at the third quarter and details why active small-cap management can be successful in the long run.
Whitney George: No News Would Be Good News for the Market
Whitney George discusses the prospects for a market turnaround and looks at what it might take for the economy to grow more robustly.
Charlie Dreifus Takes on Large-Caps
Charlie Dreifus is applying his tried and true investment process to Large-Cap companies.Your Royce Contact
Joanne Newgard
Director of Advisor Services
(800) 562-0880
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.Learn why we think the current market offers highly promising opportunities for small-cap dividend-paying companies.The expanding universe of small companies makes this universe an evergreen source of investment opportunities.Beating the market doesn't come easy, but some managers find a way over the long term. How did Royce do?We believe that our absolute return focus provides the greatest opportunity to build wealth.We have found that quality is a truly international concept, an idea that recognizes no borders.A look at our security selection process including the balance sheet, cash flow and cap rate.Our choice of a benchmark reflects the need for broad representation across an asset class.Co-CIOs Chuck Royce and Whitney George discuss what they believe sets Royce's investment style apart.Designed to help you better understand both the different approaches and the common ground among our funds.A complete overview of our background, disciplined approach, selection process and investment team.The trading function is an integral part of our investment process and one of our key competitive strengths.Your Royce Contact
Joanne Newgard
Director of Advisor Services
(800) 562-0880
Small-Caps And Active Management: The Combination That Adds Value
Royce Co-CIOs and portfolio managers discuss small-cap valuations, underperformance in 2011, the case for quality, and why active management is especially important in the current environment.




Royce Total Return's Jay Kaplan Discusses Value Investing with CNBC

Portfolio Manager Frank Gannon Discusses Volatility on CNBC's Street Signs

Your Royce Contact
Joanne Newgard
Director of Advisor Services
(800) 562-0880

Small-Cap Market Cycle Performance
See how The Royce Funds have fared in the most recent small-cap market cycles
Fund Impact and Attribution Report
Review market and Fund-specific performance commentary, as well as dollar impact by sector and performance attribution relative to our benchmark
Fund Guide
An informative resource designed to help you understand how we think about our portfolios.
NAV Search
This tool lets you research daily Royce Fund prices going back to a Fund's inception date.
Compare Funds
This tool lets you compare and contrast as many as four Royce Funds at a time.
Relative Risk/Reward Spectrum
This tool helps you understand how our Funds line-up in terms relative risk—as measured by their relative volatility.Your Royce Contact
Joanne Newgard
Director of Advisor Services
(800) 562-0880
Market and Fund-specific performance commentary, as well as dollar impact by sector.Your Royce Contact
Joanne Newgard
Director of Advisor Services
(800) 562-0880
Growth Through Acquisitions in Uncertain Times
We are continually struck by the way smaller companies continue to grow and operate in this ambiguous and anemic economic environment.
Africa: Opportunities and Challenges in a Growing Economy
Africa presents intriguing opportunities considering its positive demographics, rich natural resources, and untapped potential for growth.
Finding Opportunity in Correlated Markets
In highly correlated markets like 2011, we find ourselves building existing positions and revisiting old favorites at least as frequently as investing in new companies.









