All Small cap articles
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PodcastEuropean small caps offer income and growth
European small cap stocks have outperformed their large cap peers so far this year. Among the drivers of better performance are their exposure to industrial onshoring trends, the tailwind from merger and acquisition activity on cheaper valuations, and the opportunity to ride on the infrastructure spending wave.
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White papersFundamentals First: The Case for Broadening Out
We believe an improving corporate fundamentals picture across the entire market-cap spectrum can support the broadening out trade; the median stock in the Russell 3000 Index has now posted eight consecutive quarters of improving EPS growth, climbing from a sub -10% trough in 4Q’23 to over +20% in 1Q’26.
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White papersPositive surprise: Recognizing change before consensus
A positive surprise occurs when a company delivers results or provides signals that meaningfully exceed consensus expectations, thereby raising the market’s view of its sustainable growth rate. In small-cap growth, where valuations are largely driven by long-term growth assumptions embedded in discounted cash flow valuation models, such surprises can have an outsized impact on both earnings expectations and valuations.
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PodcastAI: Transforming quantitative portfolio management
Artificial intelligence and machine learning are contributing increasingly to the process of identifying stock investment opportunities and managing portfolio risk, particularly when it comes to quantitative equity strategies that use mathematical models, algorithms and vast datasets to identify and capture the best ideas.
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PodcastUS small caps – Reasons to be cheerful
US small-cap stocks had a strong start to 2026 with the Russell 2000 index significantly outperforming the S&P 500 large cap. Geoff Dailey, Head of US Equities, tells Daniel Morris, Chief Market Strategist, that the main driver was the artificial intelligence theme. The AI infrastructure boom has helped semiconductors, tech and hardware engineering names, while rapid product development in agentic AI pressured software stocks.
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White papersMacro Outlook Q2: Best ideas across asset classes
From equities and fixed income to real estate and infrastructure, knowing where to find value in today’s market takes more than a broad view. It takes conviction. Nuveen’s investment leaders share their best ideas across asset classes, offering a grounded, practical look at where they see the most compelling opportunities right now. Explore the full section to see where we’re putting our highest conviction to work.
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InsightThe overlooked role of small and mid-caps in impact investing
In the dynamic landscape of impact investing, small and mid-cap companies can be powerful engines of positive change. While large-caps often dominate both headlines and portfolios, investors seeking tangible impact alongside competitive returns should take a closer look at the opportunities presented by smaller listed firms. In a recent episode of our podcast series Inside Impact Investing, we discussed how allocating capital to these companies can help drive societal progress while also contributing to financial performance.
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White papersDefining the lower mid-market: the benefits of a more focused approaching private equity
We believe private equity’s lower mid-market is rich with opportunity, yet it remains inconsistently defined. Investors exploring the segment in search of improved returns are faced with varying interpretations of what the lower mid market encompasses.
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White papersThe AI boom: Bubble risk or durable cycle?
Examines whether today’s AI-driven market rally reflects sustainable productivity gains or speculative excess.
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White papersEurope finds its footing
After three years of 20% gains, 2026 has again started on a strong note. This latest rally is one of the most concentrated ever. The global stock market is two-thirds American, of which 40% is just 10 stocks with one huge bet: generative artificial intelligence (AI). A quarter of the world stock market relies on this.
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White papersQ4 2025 Equity Market Review
It has often been said that success and happiness lie within the journey rather than at the destination. For small cap investors, 2025 was a turbulent and twisting ride whose volatile journey fortunately ended with a successful outcome. After the 2024 Presidential election, equity markets rallied as many investors assumed the new administration’s focus on lower regulation and taxes would be beneficial to growth. Underlying economic activity was supportive of this conclusion, driven by consistent employment growth, better inflation trends and increased consumer activity.
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White papersEquity Market Outlook 1Q 2026
In the following collection of charts, we a) reaffirm our belief that supportive macroeconomic and capital-markets forces have the potential to drive further equity gains; b) address what we view as some of the more important risks to our thesis (including potential drawdowns that tend to accompany mid-term election years, as well as rising bond market volatility); and c) offer tactical portfolio guidance across various equity markets.
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White papersGlobal SMID Equity Engagement*, Q4 2025 case study: Credicorp
Our Global SMID Equity Engagement Q4 2025 case study looks at Credicorp, Peru’s leading financial group, and the vital role it plays in promoting financial inclusion in the country.
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White papersThe Fed delivers a rate cut with a caveat
The Federal Reserve cut rates by 25 basis points but signaled a more cautious path ahead, projecting just one cut in 2025. The policy statement leaned hawkish with upgraded growth forecasts, while Chair Powell maintained a neutral tone. What does this mean for your portfolio? Discover where we see the biggest potential in today’s rate environment.
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White papersBeyond the Magnificent Seven: How US SMID caps are riding the AI wave
US small and mid-cap (SMID) companies are emerging as quiet powerhouses in the AI economy. In this video, Charlotte Daughtrey, Investment Director, Equities, outlines how these companies are using new technologies to innovate faster, streamline operations and reveal exciting opportunities across the entire AI value chain.
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InterviewSocial impact and a resilient portfolio through Child-Lens Investing
Triodos Investment Management sets new standards in scalable, child well-being investments in small and midcap equities that enhance returns and portfolio resilience.
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White papersThink global beyond the tech race
“The tech capex supercycle is no longer just a US story — China is catching up, and global adoption across industries is turning this into a global opportunity.”
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White papersEquity Market Outlook 4Q 2025
In spite of concerns about AI-related valuations, we believe a strong economy—with monetary stimulus in the pipeline and still more to come—has set the stage for stronger equity performance in 2026.
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White papersAsset Allocation Committee Outlook 4Q 2025
After a remarkably resilient performance in 2025 for the global economy and markets, the Asset Allocation Committee (AAC) maintains confidence in its overall outlook—continued strength in growth and risk assets over the medium term, with targeted tactical exposures across asset classes and regions.
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White papersThe US SMID revival: Why this quiet rotation matters
After years of anticipation, the long-awaited rotation into US small and mid-caps (SMID) is finally gaining traction. Charlotte Daughtrey, Investment Director - Equities, explains why the second half of 2025 presents a rare convergence of macroeconomic, policy and market forces - creating a compelling opportunity for investors.
