Valuations for the small-cap asset class have returned to levels last seen during the Global Financial Crisis, and history shows that when valuations have plunged to similarly low levels in the past, stellar returns have ensued for small caps over the subsequent five years.A savvy way to gain differentiated exposure to this structurally-inefficient part of the market is through value-focused inves

NAV gain of 21.4% compared with 16% loss in FTSE Small Cap indexValue investing mindset with concentrated portfolio approachUK small caps trading at deep discountSmall cap investing hasn't been easy of late with the FTSE Small Cap (ex investment trusts) index down 15.7% over the year to 31 March 2023.But small cap investment specialist Rockwood Strategic (RKW) delivered an increase in total NAV (n

Slowing growth coupled with heightened uncertainty is never a good combination for stock markets. Smaller company shares tend to deteriorate more because their operational risks are seen to be more concentrated versus large-cap peers.History shows that smaller companies tend to underperform larger ones during economic downturns, so given the gloomy backdrop, many investors will happily avoid small

On 6 October 2022, Shares wrote that it was time to start looking at small cap stocks again. The timing was impeccable, with this part of the market having perked up only a few weeks later.In the UK small cap investment trust space, Rockwood Strategic (RKW) has risen by 39% in value since our October article, while Montanaro UK Smaller Companies (MTU) is up 25%. We argued that valuations were comp