Video of the month
Vu(es) sur les marchés
Every month, LBP AM deciphers market news in video.
Nelly Davies, Portfolio Manager, Tocqueville Finance, shares her views on the opportunities offered by the "Small & Mid Cap" asset class in our
Understandably small & mid-caps have fallen out of favor with investors.
On one hand, the post-covid years essentially brought macro-economic worries - fears of recession, rising interest rates, geopolitical tensions - unfavorable to small caps, which are more domestic and cyclical than large caps. On the other, recurrent outflows from small-cap funds over the past 3 years have accentuated the trend. But small & mid-caps have been underperforming for an abnormally long time and scale compared with large caps. This, in our view, calls for a renewed focus on this historically value-creating asset class.
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