Research

China, Concentration & Cap Bias in Emerging Markets

September 2021

The recent pullback in Chinese stocks driven by Beijing’s regulatory crackdown has highlighted immanent risks for many emerging markets portfolios. In this paper, we demonstrate that asset allocators can enhance their emerging markets allocation by diversifying down the market cap spectrum into small cap, providing access to a differentiated source of returns and exposures. Importantly, we highlight that due to market dynamics in the emerging markets small cap universe, active managers have been able to add meaningful and consistent alpha in both up and down markets.

Request Document

Monthly US Small & Micro Cap Index Analysis

This monthly analysis offers timely insight into the current market dynamics of US small & micro cap stocks. The report provides high-level performance observations of the asset class, as well as depth on the drivers of performance for the recent time period with regard to various characteristics and factors.

Request Document

Monthly Non-US Small & Micro Cap Index Analysis

This monthly analysis offers timely insight into the current market dynamics of Non-US small & micro cap stocks. The report provides high-level performance observations of the asset class, as well as depth on the drivers of performance for the recent time period with regard to various characteristics and factors.

Request Document

Strength in Numbers: The Case for Global Small Cap Equities

April 2020

In this analysis, we explore the benefits of a dedicated allocation to an actively managed global small cap strategy. We discuss the sheer size of the opportunity set as well as how it differs from large cap. We highlight the magnitude of the alpha opportunity, and conclude with how EAM leverages its expertise to approach global small caps.

Request Document

Small Cap and Micro Cap Market Dynamics Research

January 2020

This analysis of the US equity universe highlights the investment opportunity in small/micro cap stocks, looking at market dynamics and long-term returns by market capitalization.

Request Document

Broaden Your Opportunity Set With Micro Cap

March 2019

Our research suggests that institutional portfolios are underexposed to the rich opportunity set which exists at the lower end of the US equity market cap spectrum. In this white paper, we make the case for a dedicated allocation to US micro cap equities within an institutional portfolio, showing that this large, inefficient market has demonstrated superior long-term returns among the US equity market cap spectrum, diversification benefits, and a fertile ground for active management.

Request Document

International Small Cap White Paper

January 2019

In this white paper, we seek to demonstrate why we believe there is a tremendous missed opportunity for alpha generation given the characteristics of non-US small cap equity universe. Additionally, we seek to highlight key active management attributes that have historically been successful in navigating these markets.

Request Document