FYI: Small-cap stocks have been on a strong upward trajectory, as measured by the Russell 2000 Index, since the market’s bottom in March 2009 through June 30, 2018, earning an annualized return of 19.6%. These strong returns outpaced the broader market, as measured by the S&P 500’s return of 18.4% over the same period. However, the effect has been significant market-cap appreciation, raising the concern that some small-cap managers that have remained open to new investors may be capacity-constrained and drifting into mid-cap territory.
Regards,
Ted
https://www.morningstar.com/articles/876752/smallcap-funds-struggle-with-asset-bloat.htmlAverage Return YTD:
Small-Cap Growth: 13.48%
Small Cap Blend: 7.40%
Small Cap Value: 5.31%
