Royce Investment Partners: Insights and News

In Royce Smaller-Companies Growth Fund, we look for companies that look poised for multi-year periods of robust growth driven by sustainable competitive advantages and/or benefiting from secular growth themes that create favorable conditions for the business. Each of the three companies we talk about in this piece...

Markets seldom announce their turning points in a clear or obvious way. More often, they show up in subtle—and sometimes contradictory—ways.

One of the clearest recent examples could be seen at the end of March—the S&P 500 declined by -4.3% in 1Q26, while the average stock—as measured by the equal-weighted S&P 500—meaningfully outperformed. (Index returns a...

Andrew Palen: The Fund advanced 9.2% for the quarter, outperforming both its benchmark, the Russell Microcap Index, which rose 1.5%, and the small-cap Russell 2000 Index, which was up 0.9% for the same period.

Lauren Romeo: The Fund advanced 3.9% for the quarter, outperforming its benchmark, the Russell 2000 Index, which was up 0.9%.

Jay Kaplan: ...

Jim Harvey: We were very pleased with how Royce Small-Cap Opportunity Fund, the portfolio we manage in the Strategy, performed in both periods. The Fund advanced 6.4% in the quarter, beating ...