The Problem With Small Cap Stocks

In this video I'm going to tell you why you should think carefully about owning small cap ETFs.

You probably won’t be surprised if I tell you that small-cap stocks, in general, have outperformed large-cap stocks over the long-term, even on a risk-adjusted basis, with risk measured as standard deviation. This is well-documented around the world and over time. Small caps were the first market anomaly that challenged the capital asset pricing model and resulted in today’s multi-factor models for asset pricing.

My name is Ben Felix, Associate Portfolio Manager at PWL Capital.

Referenced in this video:
Figuring Out Factor Investing - https://www.pwlcapital.com/figuring-out-factor-investing/
The Delisting Bias in CRSP Data - https://www.jstor.org/stable/2329566?seq=1/subjects
Size Matters, If You Control Your Junk - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2553889

You can find the Rational Reminder podcast on
Google Podcasts:
https://www.google.com/podcasts?feed=aHR0cHM6Ly9yYXRpb25hbHJlbWluZGVyLmxpYnN5bi5jb20vcnNz
Apple Podcasts:
https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582?mt=2
Spotify Podcasts:
https://open.spotify.com/show/6RHWTH9iW7hdnA7eAg7ukO?si=hjZNfLKuSjSeWX38GPqhVA

------------------
PWL Capital Blog Post: https://www.pwlcapital.com/devilish-details-can-derail-your-small-cap-stock-funds/

Visit PWL Capital: https://goo.gl/uPcXg7
Follow PWL Capital on:
- Twitter: https://twitter.com/PWLCapital
- Facebook: https://www.facebook.com/PWLCapital
- LinkedIn: https://www.linkedin.com/company-beta/105673/

Follow Ben Felix on
- Twitter: https://twitter.com/benjaminwfelix
- LinkedIn: https://www.linkedin.com/in/benjaminwfelix/
------------------
#stockmarket #investing #pwlcapital

Видео The Problem With Small Cap Stocks канала Ben Felix