BY Gil Knight, a fund manager at Govett Mid- and small-cap stocks have outperformed the larger-c...
BY Gil Knight, a fund manager at Govett Mid- and small-cap stocks have outperformed the larger-cap indices so far this year, as they have for the past several years. We shouldn't forget either that value small-caps have outperformed growth small-caps by a record amount. Value, historically, has been defined as high dividend yield, low price to book and low P/E ratio. This emphasis on avoidance of risk could be with us longer until some of the great uncertainties about the US economy and business environment are cleared up. First, the economy is indeed recovering, albeit at a s...
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