Todd Sohn
ETF Strategist
Jonathan Matta
National Account & Advisory Sales
(216) 702-4048
jmatta@strategasasset.com
Patrick Rista
Advisory Sales
(646) 292-7984
prista@strategasasset.com

ETFs & Markets with Todd Sohn: What Might Go Right for Small-Caps?

11/16/2023
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Strategas Asset Management ETF Strategist Todd Sohn discusses the backdrop for small-cap equities, highlighting the historically extreme losing streak as well as how actively managed strategies are picking up major market share within the ETF space.

 

 

 

This communication was prepared by Strategas Asset Management, LLC ("we" or "us" or “our”). This communication represents our views as of 11/13/2023, which are subject to change, and are presented for illustrative purposes only. The information contained herein has been obtained from sources we believe to be reliable, but no guarantee of accuracy can be made. This communication is provided for informational purposes only and should not be construed as an offer, recommendation, nor solicitation to buy or sell any specific security, strategy, or investment product. This communication does not constitute, nor should it be regarded as, investment research or a research report or securities recommendation and it does not provide information reasonably sufficient upon which to base an investment decision. This is not a complete analysis of every material fact regarding any company, industry, or security. Additional analysis would be required to make an investment decision. This communication is not based on the investment objectives, strategies, goals, financial circumstances, needs or risk tolerance of any particular client and is not presented as suitable to any other particular client. Past performance does not guarantee future results. All investments carry some level of risk, including loss of principal.

Strategas Asset Management, LLC is an SEC Registered Investment Adviser affiliated with Strategas Securities, LLC, a broker-dealer and FINRA member firm, and an SEC Registered Investment Adviser. Both Strategas Asset Management, LLC and Strategas Securities, LLC are affiliated with Robert W. Baird & Co. Incorporated ("Baird"), a broker-dealer and FINRA member firm, and an SEC Registered Investment Adviser, although the firms conduct separate and distinct businesses.

Index Definitions:

"Small-cap" refers to stocks with a small market capitalization, between $300 million and $2 billion. Stocks with a market cap below $300 million are referred to as micro caps, and those below $50 million are called nano caps. Small-cap stocks can trade on any exchange.

The S&P 500 is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States. The VIX Index is a calculation designed to produce a measure of constant, 30-day expected volatility of the U.S. stock market, derived from real-time, mid-quote prices of S&P 500® Index (SPX℠) call and put options.
 
The iShares Russell 2000 ETF seeks to track the investment resulkts of an index composed of small-capitalation U.S. equities.
 
The S&P 600 is an index of small-cap stocks managed by STandard & Poor's. It tracks a bropadrange of small-sized companies that meet specific liquidity and stability requirewments.
 
The Russell 2000 Index is a strock market index that measures the perrformance of the 2,000 smaller com,panies incouded in thge Russell 3000 index
 
The CBOE Russell 2000 volatility indexSM (RVX) is a Vix-style estimate of the expected 30-day volatility of Russell 2000 Index returns