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The Royce Funds
Royce Investment Partners is a family of mutual funds that focuses primarily on small-cap investing, and has been considered one of the industry's most experienced smaller-company stock pickers. Royce & Associates, LLC serves as investment adviser to all Royce portfolios, including open-end mutual funds and closed-end funds. Royce uses a bottom-up approach to invest in small-cap and micro-cap stocks. History Charles M. Royce assumed investment management of Pennsylvania Mutual Fund when he purchased Quest Advisory Corp. in 1972. (The firm's name was changed to Royce & Associates in 1997.) Royce, who has been described as a "small-company stock pioneer" by American business journalist Consuelo Mack, enjoys one of the longest tenures of any active mutual fund manager. After assuming management of Pennsylvania Mutual Fund, Royce began to shift his focus toward small-cap stocks that he believed were able to generate free cash flow and better survive down-market periods. This emphas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Small-cap
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's shares outstanding, outstanding common shares owned by stockholders. Market capitalization is equal to the share price, market price per common share multiplied by the number of common shares outstanding. Since outstanding Share (finance), stock is bought and sold in public markets, capitalization could be used as an Proxy (statistics), indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation. Description Market capitalization is sometimes used to rank the size of companies. It measures only the equity component of a company's capital structure, and does not reflect management's decision as to how much debt (or Leverage (finance), leverage) is used to finance the firm. A more comprehensive measure of a firm's size is enterprise value (EV), which gives effect to outstanding debt, preferred stock, and other factors. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microcap Stock
In business and investing, term microcap stock (also micro-cap) refers to the stock of public companies in the United States which have a market capitalization of roughly $50 million to $300 million. The shares of companies with a market capitalization of less than $50 million are typically referred to as nano-cap stocks. Many micro-cap and nano-cap stocks are traded over-the-counter with their prices quoted on the OTCBB, OTC Link LLC, or the Pink Sheets. The larger, more established micro-caps are listed on the NASDAQ Capital Market or American Stock Exchange (AMEX). This is true in the US, but by contrast—in Australia, for example—nano-cap companies are commonly listed on the Australian Securities Exchange (ASX). Microcap stocks are in many ways different from other stocks since they are from companies with a small market capitalization and are usually traded on stock exchanges that do not require minimum standards, such as a minimum amount of net assets or a minimum number ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company is divided, or these shares considered together" "When a company issues shares or stocks ''especially AmE'', it makes them available for people to buy for the first time." (Especially in American English, the word "stocks" is also used to refer to shares.) A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt), or voting power, often dividing these up in proportion to the amount of money each stockholder has invested. Not all stock is necessarily equal, as certain classe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consuelo Mack
Consuelo Mack (née Cotter, born 30 November 1949 in New York, New York) is an American business news journalist and host of ''WealthTrack'', a news program presented by WLIW-TV in New York City, distributed by American Public Television, and aired weekly, primarily on PBS-TV station affiliates. Before developing WealthTrack, she spent over a decade at ''The Wall Street Journal'' as the Anchor and Managing Editor of ''The Wall Street Journal Report'', since hosted by Maria Bartiromo and Rebecca Quick. During her tenure, it won the Overseas Press Club award. Early life and education Mack grew up in Weston, Massachusetts, and studied at the Concord Academy. She attended Sarah Lawrence College Sarah Lawrence College is a Private university, private liberal arts college in Yonkers, New York. The college models its approach to education after the Supervision system, Oxford/Cambridge system of one-on-one student-faculty tutorials. Sara ... and graduated in 1972 with a bachelor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legg Mason, Inc
__NOTOC__ Legg may refer to: People * Adrian Legg, English guitar player *Andy Legg (born 1966), Welsh footballer * Barry Legg (born 1949), British former Member of Parliament * Harry G. Legg (born 1876), American amateur golfer *John Legg (politician) (born 1975), American educator and politician * John Legg (footballer), New Zealand footballer * John Legg (ornithologist) (c. 1765–1802), British ornithologist * John Wickham Legg (1843–1921), English medical doctor and theologian * Leopold George Wickham Legg (1877–1962), English academic historian, son of John Wickham Legg * Sonya Legg, British oceanographer *Stuart Legg (1910-1988), British documentary filmmaker * Thomas Legg (born 1935), British senior civil servant Fictional characters * Harold Legg, character on the soap opera ''EastEnders'' Places * Legg, County Antrim, a townland in County Antrim, Northern Ireland * Legg, County Fermanagh, a townland in Belleek, County Fermanagh, Northern Ireland * Legg, West Virginia, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Fund
A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital') and open-ended investment company (OEIC) in the UK. Mutual funds are often classified by their principal investments: money market funds, bond or fixed income funds, stock or equity funds, or hybrid funds. Funds may also be categorized as index funds, which are passively managed funds that track the performance of an index, such as a stock market index or bond market index, or actively managed funds, which seek to outperform stock market indices but generally charge higher fees. Primary structures of mutual funds are open-end funds, closed-end funds, unit investment trusts. Open-end funds are purchased from or sold to the issuer at the net asset value of each share as of the close ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Active Management
Active management (also called ''active investing'') is an approach to investing. In an actively managed portfolio of investments, the investor selects the investments that make up the portfolio. Active management is often compared to passive management or index investing. The average actively managed mutual fund in the US underperforms the average passive mutual fund. As a consequence, mainstream economic advice is to invest in passive mutual funds. Approach Active investors aim to generate additional returns by buying and selling investments advantageously. They look for investments where the market price differs from the underlying value and will buy investments when the market price is too low and sell investments when the market price is too high. Active investors use various techniques to identify mispriced investments. Two common techniques are: * Fundamental analysis. This approach analyzes the characteristics of individual investments to evaluate their risk and po ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value Investing
Value investing is an investment paradigm that involves buying securities that appear underpriced by some form of fundamental analysis. The various forms of value investing derive from the investment philosophy first taught by Benjamin Graham and David Dodd at Columbia Business School in 1928, and subsequently developed in their 1934 text ''Security Analysis''. The early value opportunities identified by Graham and Dodd included stock in public companies trading at discounts to book value or tangible book value, those with high dividend yields, and those having low price-to-earning multiples, or low price-to-book ratios. High-profile proponents of value investing, including Berkshire Hathaway chairman Warren Buffett, have argued that the essence of value investing is buying stocks at less than their intrinsic value. The discount of the market price to the intrinsic value is what Benjamin Graham called the " margin of safety". For the last 25 years, under the influence of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Funds Of The United States
Mutual may refer to: * Mutual organization, where as customers derive a right to profits and votes * Mutual information, the intersection of multiple information sets * Mutual insurance, where policyholders have certain "ownership" rights in the organization * Mutual fund, a professionally managed form of collective investments * Mutual Film, early American motion picture conglomerate, the producers of some of Charlie Chaplin's greatest comedies * Mutual Base Ball Club (1857-1871), defunct early baseball team usually referred to as "Mutual" in the standings. * Mutual Broadcasting System, a defunct U.S. radio network * Mutual Improvement Association, the name of two youth programs run by the Church of Jesus Christ of Latter-day Saints * Mutual authentication, used in cryptography *"Mutual", a 2018 song by Shawn Mendes from '' Shawn Mendes'' ;Place names * Mutual, Maryland, a community in the United States * Mutual, Ohio, a village in the United States *Mutual, Oklahoma Mutual is a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Companies Based In New York City
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effect o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 1972
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
