The IBOSS Investment Team are joined by Mark Sherlock, Head of US Equities and Lead Portfolio Manager, at Federated Hermes Limited.
For most of the last 20 years, though not since 2018, the valuations of the US mid and small-cap indices have been higher than the S&P 500, but currently they trade on a near-record discounts.
However, the argument for mean reversion is compelling and valuations are relatively cheap, therefore, there are some attractively valued investment opportunities in the small mid-cap space. But, is now a good time to get involved and invest for the long term, or is more patience required for investors due to macro-economic and geo-political factors?
This communication is designed for informational purposes only and is not intended as investment advice. These investments are not suitable for everyone, and you should obtain expert advice from a professional financial adviser. Please note that the content is based on the author’s opinion at the time of writing/publish date. Our views and opinions regarding certain investment themes and topics can alter over time as the macroeconomic background changes and other industry news is made publicly available, this is not intended as investment advice.
Past performance is not a reliable indicator of future performance. The value of investments and the income derived from them can fall as well as rise, and investors may get back less than they invested.
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