June, 2014 – InvestorLiterature.com Review
This Review is an update of one of the original six reviews - InvestorLit 2011(6) "US Small Cap". As noted in that Review: "US small cap has outperformed US large cap by over 2% per annum since 1926, although underperforms at times and is more volatile than large cap. But, being a less efficient market, it also allows manager alpha, typically expected to be about 3% per annum." Three years later, in this Review, we note US small cap has performed very well. To the extent that some managers are cautious about its prospects this Review examines performance, reasons, and offer some views going forward.