Silver Lining for Small-Cap Value Investors

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By Miles Lewis - December 2019

Small-cap value investing historically has been a strong source of returns over the long term. However, it has struggled in recent periods as large-cap growth has been in favor. This does not discourage my team, though, because we’re finding high-quality stocks trading at some of their most attractive prices in years.

In my latest video, I discuss key headwinds holding back small-cap companies’ performance. These include fears of a slowing economy, a potential recession and the extended trade war with China. I also give examples of underlying trends that we believe will ultimately benefit some businesses.

Watch my video to hear more about the opportunities my team is seeing and the outlook for the months ahead.

Transcript

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Miles Lewis
Portfolio Manager
Global Value Equity

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    Silver Lining for Small-Cap Value Investors

    Portfolio Manager Miles Lewis explains how his team seeks small-cap companies that may benefit from shifting trends, regardless of the trade war.

      Historically, small- and/or mid-cap stocks have been more volatile than the stock of larger, more-established companies. Smaller companies may have limited resources, product lines and markets, and their securities may trade less frequently and in more limited volumes than the securities of larger companies.

      Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results.

      The opinions expressed are those of American Century Investments (or the portfolio manager) and are no guarantee of the future performance of any American Century Investments' portfolio. This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.

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