Value has worked much better within small caps compared to large caps for three of the last four years. This is nothing new, though, as value is historically a much better factor within the less efficient smaller-cap universe.
Dec
07
2023
Value Functioning Better Than Advertised
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![Greg Swenson / Sr. Research Analyst & Co-Portfolio Manager](https://leuthold.imgix.net/leutholdgroup.com/site_files/authors/DSC_4236_LR_Greg.jpg?h=150&w=150&fit=crop&fp-y=.15)