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Small Caps: The Big Picture

Brown Advisory

As a result of this success, approximately half of companies in the Russell 2000 ® Growth Index (R2G) by weight, and more than half by number of stocks mades zero earnings (Exhibit 2). Exhibit 2: Nonearners as percentage weight and percentage of number of stocks in R2G Source: FactSet Research Systems; Russell Investment Group; Jefferies.

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Small Caps: The Big Picture

Brown Advisory

As a result of this success, approximately half of companies in the Russell 2000 ® Growth Index (R2G) by weight, and more than half by number of stocks mades zero earnings (Exhibit 2). Exhibit 2: Nonearners as percentage weight and percentage of number of stocks in R2G. Definitions of indices used are below. Source: FactSet.

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Global Leaders Strategy Annual Investment Review: January 2023

Brown Advisory

Download it here > Dear Fellow Investors, If we had to sum up 2022 in one word it would be valuation. War, inflation, recession, deglobalisation, decoupling, strikes, crypto-crash and energy (crisis) all featured but for us the overriding focus for 2022 was valuation. which was greater than our -1.1% relative underperformance.

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Transcript: Marta Norton

The Big Picture

So there are a number of us heading in out of college into the BLS. And there was just a very rich development period, which I think at the time, I don’t know, if I fully appreciate it, I’m someone who likes to see change licensing developments. And how do we think about them from a valuation perspective?

Portfolio 130
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Market, Stocks, and Bonds Lessons Learned from 2022 | Weekly Market Commentary | January 9, 2023

James Hendries

When LPL Research released the Outlook 2022: Passing the Baton in December 2021, the team’s view was that the hit from inflation would be manageable and would therefore limit the number and magnitude of interest rate increases, enable the U.S. economy to avoid recession, and support above-average valuations.

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ESG and the Stock-­Picker’s Dilemma

Brown Advisory

Defining the question in this way is appealing: it demands a definitive yes-or-no answer. Finally, a growing number of meta-analyses conclude that incorporating ESG issues into investment decision making generates better returns than comparable non-ESG strategies (Clark, et al., Cavium, a U.S.-based

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ESG and the Stock-­Picker’s Dilemma

Brown Advisory

Defining the question in this way is appealing: it demands a definitive yes-or-no answer. Finally, a growing number of meta-analyses conclude that incorporating ESG issues into investment decision making generates better returns than comparable non-ESG strategies (Clark, et al., Cavium, a U.S.-based