U.S. equities
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The potential merits of staying small in today’s small-cap equity market
Our research shows that several U.S. small-cap mutual funds have recently strayed from their core market segment to go up in market capitalization. We view such an approach as problematic, as it runs the risk of deviating from investors’ portfolio allocation objectives at a time when we see a favorable valuation and fundamental environment for small caps.
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The missing ingredient in today’s large-cap allocations: value stocks
An extraordinary performance run in a handful of tech-oriented stocks is leaving many investors with a concerning amount of concentration risk in their equity portfolios and potential under-allocation to value stocks.
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The power of stock buybacks for creating shareholder value
There’s more to equity investing than just stock prices and dividends. Our research explores the substantial shareholder yield contribution from stock buybacks.
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With small- and mid-cap stocks, there’s no such thing as passive investing
Is it really possible to passively invest in small- and mid-cap stocks? Depending on which small- or mid-cap index an investor seeks to track, expect wide variations at both the equity style and sector levels as well as factors such as profitability.
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The resilient U.S. economy puts stocks on solid footing
The U.S. economy’s resilience amid a high-rate environment is likely to provide a durable catalyst for stocks for the rest of 2024. We explore stock selection ideas in industries where we see the most attractive opportunities.
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A brighter 2024 outlook for U.S. regional banks as rates and deposit costs change course
With interest rates appearing to have peaked and lenders’ deposit costs easing, 2024 could turn out to be a far more hospitable year for U.S. regional banks than 2023.
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Why high interest rates could continue to punish high dividend-paying stocks
In today’s higher-for-longer interest-rate environment, a core approach to large-cap value equity investing offers greater potential than more constrained equity income strategies, in our view.
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Will inflation hurt stock returns? Having a thoughtful approach may help.
Is inflation bad news for equities? We take a look at why staying the course with stocks may help investors keep pace with rising prices.
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Big changes in smaller stocks create new mid-cap opportunities
Recent changes in the sector composition of U.S. mid-cap stock indexes relative to their large-cap peers have added to the current appeal of mid caps—a segment that also offers historically attractive valuations and large exposure to industrials, a sector where we see strong potential.
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Today’s AI investment opportunity isn’t just for growth stock investors
Although conventional wisdom would suggest that the artificial intelligence (AI) revolution is primarily a growth stock investing opportunity, there’s more than enough potential in AI for the value equity style to participate.
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