Q3 2020 Market Outlook: Now Comes the Hard Part
Having troughed in May, high frequency economic data snapped back sharply in June, albeit not to pre-virus levels. One such indicator – the Global purchasing managers’ index (PMI) markedly improved in June from 42.4 to 47.8; but remains in contractionary territory…
Is it Time for a Small Cap Resurgence?
The recent past has seen extreme divergence in the performance of small cap stocks versus their large cap counterparts. We take a closer look at this underperformance and discuss the impact of different market environments on the returns generated by small cap stocks. …
Facing our Racial Demons and Healing Them
As people of good conscience raise their voices in response to the killing of George Floyd and a justice system whose impartiality too often excludes black and brown peoples, Dr. King’s words 60 years ago should haunt us all…
Growth and Value Uncovered: What Kinds of Managers Are Winning And Losing?
Growth managers have been outperforming core benchmarks and value managers by a wide margin the past 3+ years (Chart 1). In this analysis, we dig a little deeper to see what investment approaches …
A Time for International Small Cap Stocks to Shine Again?
Small caps have enjoyed a structural size premium (Chart 1 and Chart 2). Moreover, we have long maintained that high active share strategies are best deployed in less efficient market segments such as…
The Xponance® Point of View:Â ESG and COVID-19
Our employee-owned firm, Xponance®, is led by an experienced team of women and diverse professionals with a shared passion to act in good conscience for our clients, communities and each other. As part of this mission, we take environmental, social and governance (ESG) issues seriously.