Uncovering Quality and Value in a Japanese Small-Cap Holding

Portfolio Manager Mark Fischer and Senior Analyst Yutetsu Ametani discuss how they uncovered an undervalued quality business in a Japanese software company, Zuken.
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Investment Focus

Bear Market Opportunities in Small-Cap Stocks

Portfolio Managers Brendan Hartman, Chip Skinner, Jay Kaplan, Jim Stoeffel, and Francis Gannon talk about some of the long-term buying opportunities in the current highly volatile small-cap market.

Market Perspective

Small-Cap Investing in the Bear Market

Portfolio Managers Miles Lewis, Lauren Romeo, Charlie Dreifus, and Mark Fischer discuss opportunities that increased volatility and plunging prices are creating.

Investment Focus

Tariffs, Trade, and a Bear Market—What’s Next?

Co-CIOs Francis Gannon and Chris Clark look at the 1Q25 downturn and the bearish beginning of April.

Market Perspective

1Q25 Small-Cap Recap

by Francis Gannon

As Small-Caps Stumble, Long-Term Opportunities Emerge

Market Perspective

Quality Investing in Japanese Small-Caps

Portfolio Manager Mark Fischer and Senior Analyst Yutetsu Ametani detail how Return on Net Required Operating Capital, or RORC, is helping them find quality small-caps in Japan.

Investment Focus
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Francis Gannon in The Wall Street Journal

Co-CIO Francis Gannon talked with Hannah Erin Lang of The Wall Street Journal about the turbulent first quarter of 2025.

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  • 5Years at Royce
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francis-gannon-in-the-wall-street-journal

Francis Gannon in The Wall Street Journal

Co-CIO Francis Gannon talked with Hannah Erin Lang of The Wall Street Journal about the turbulent first quarter of 2025.

Read More

My Funds

Personalize Your Site
Which funds do you want to follow?

Add Funds

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