article 11-26-2013

"We have a conversational, collegial, water cooler culture."

I want to welcome you to a new feature here on our site, The Blog, where I’ll be weighing in on a number of topics surrounding small-caps, active management, and the market as a whole.

In this space I’ll be offering what I think are the most valuable insights from our firm’s more-than-40 years of investment management. If we can enlighten, interest, or amuse you along the way, so much the better.

As many of you know, we enjoy offering our thoughts on a number of issues in the world of small-cap investing, everything from what we think about individual companies to the state of the global economy.

This space will develop or highlight many of these ideas in the weeks to come. We certainly think that this is an exciting time to be an active and disciplined small-cap manager.

I am especially optimistic about the kind of attractively valued, well-run, financially strong small-cap businesses that have always been our favorites. In fact, as a firm we have seldom felt more confident about our time-tested investment approach than we do right now, looking out on the months and years to come. I look forward to sharing the reasons for this with you.

We encourage you to use the "Tell Us What You Think" feature to share your thoughts with us.

Important Disclosure Information

Chuck Royce is President, Co-Chief Investment Officer, and a portfolio manager of Royce & Associates, LLC, investment adviser for The Royce Funds. Mr. Royce’s thoughts in this piece are solely his own and may differ from those of other Royce investment professionals, or the firm as a whole.

Investments in securities of small-cap companies may involve considerably more risk than investments in securities of larger-cap companies. (See “Primary Risks for Fund Investors” in the prospectus.) Please read the prospectus carefully before investing or sending money.

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