Why Banks, Snacks, and Sporting Goods Are Quality Value Opportunities

Lead Portfolio Manager Miles Lewis details why current conditions appear favorable for small-cap banks while offering the investment thesis for two non-bank holdings.
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Investment Focus

Quality Small-Caps and the “Urge to Merge”

Portfolio Manager Steven McBoyle discusses how high-quality holdings in Royce Premier Fund are accelerating M&A activity, with an assist from private equity players looking for liquidity.

Investment Focus

Manager Commentaries

Twice a year, our portfolio managers deliver Manager Commentaries that provide timely investment insights. 2025’s Annual Manager Commentaries are now available, so you can get the latest outlooks from our investment teams and see what companies, industries, and sectors drove performance in 2025.

Investment Focus

5 Factors That Can Drive Small-Cap Earnings Growth

by Francis Gannon

Co-CIO Francis Gannon looks at how low interest rates, tax policy, reshoring, technology adoption, and deregulation can fuel small-cap earnings growth.

CIO Small Talk

Annual Letter: When Will Small-Cap Reach the Summit?

by Chris Clark and Francis Gannon

Can relatively attractive valuations, strong earnings, and heightened volatility put small-cap back on top?

Market Perspective

Small-Cap Premier Quality Strategy—4Q25 Update and Outlook

Co-Lead Portfolio Managers Lauren Romeo and Steven McBoyle and Assistant Portfolio Manager Andrew Palen update investors on the Strategy’s recent performance while providing an constructive long-term outlook for high-quality U.S. small-caps.

Investment Focus
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Micro-Cap Asset Class

Discover why micro-caps—often considered a “forgotten” corner of the market—may offer compelling growth, attractive valuations, and portfolio diversification today.

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  • 19Years at Royce
  • 33Years of Experience

Francis Gannon
Co-Chief Investment Officer, Managing Director

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General Information (800) 221-4268

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John Davis
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the-royce-exchangepodcast-micro-cap-asset-class

Micro-Cap Asset Class

Discover why micro-caps—often considered a “forgotten” corner of the market—may offer compelling growth, attractive valuations, and portfolio diversification today.

View Article

My Funds

Personalize Your Site
Which funds do you want to follow?

Add Funds

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