Small caps have underperformed on several levels. Most prominent, the Vanguard Small Cap ETF ( VB ) has lagged the S&P 500 SPDR Trust ETF ( SPY ) by 41 percentage points over the past threeFreelance Financial Writer | Investments | Markets | Personal Finance | RetirementI create written content used in various formats including articles, blogs, emails, and social media for financial advisors and investment firms in a cost-efficient way. My passion is putting a narrative to financial data. Working with teams ...

Hi, I'm Susan Chabinsky with Morning Star. On a recent episode of the Morning Filter podcast, I interviewed Morning Star's Brian Armor about small cap ETFs. Brian is Morning Star's director of ETF and passive strategies research for North America, and we chatted in early September.Here's an excerpt from the podcast. Now, Brian, the Morning Filters audience is made up primarily of investors who are buying individual stocks. So make the case for why maybe when it comes to small cap stocks, an individual stock ...

小盘股市场前景 - 美联储加息预期增强及投资者向科技以外板块轮动使小盘股处于反弹有利位置 [1] - 罗素2000指数自鲍威尔讲话后上涨3.1% 8月累计涨幅达8.9% [2] - 策略师普遍上调小盘股展望 特鲁斯特财富将评级从"缺乏吸引力"上调至"中性" [3] 机构观点与预测 - 美国银行预计罗素2000将短期内跑赢大盘股 瑞银认为低利率环境将推动低质量小盘股延续涨势 [4] - RBC资本市场认为从大型科技公司流出的资金轮动将支撑小盘股短期表现 [5] - Piper Sandler首席经济学家预测降息结合减税法案将推动明年经济实现3%增长 [10] 利率政策影响 - 美联储9月降息概率从75%升至87.2% 10月降息概率达93.8% 12月概率达98.8% [6][7] - 小盘股高度依赖外部融资 低利率环境可改善资本可获得性并降低现有债务再融资成本 [8] - 历史数据显示小盘股在美联储降息后往往表现优异 [7] 经济与市场环境 - 小盘股公司更依赖本土经济 经济改善时表现通常优于大盘 [9] - 杰富瑞、瑞银、花旗和汇丰近期同步上调标普500预测 认为企业盈利韧性和宏观背景支撑积极前景 [9] 小盘股ETF产品 - 主要可选产品包括IJR、IWM、VB、SCHA和SPSM等小盘股ETF [11] - IWM月均成交量3478万股流动性最佳 SPSM年费率0.03%成本最低 [12] - IJR资产规模达853.5亿美元规模最大 VB近月涨1.85% 近一年涨5.06%表现最佳 [12]