Finding Global Small-Cap Opportunities in Uncertain Markets

By Trevor Gurwich & Jim Shore - September 2019

Key Takeaways

  • Continued trade disputes between the U.S. and China, deceleration in corporate earnings growth rates and concerns that central bank policy is becoming less effective in spurring economic growth have all helped increase global stock market volatility.
  • While no clear resolution of these issues is in sight, we believe global markets will increasingly differentiate between stocks based on company fundamentals. Companies with less exposure to global macroeconomic trends and those with strong, company-specific growth drivers may be better positioned to weather these market pressures.
  • Our investment process is designed to help us uncover attractive opportunities regardless of short-term market conditions. We focus on identifying inflection points and companies with improving fundamentals. Quantitative screening, collaboration, the free exchange of ideas and insights, meetings with thousands of companies, and rigorous fundamental analysis help us identify opportunities and exploit inherent market inefficiencies.
Trevor Gurwich
Senior Portfolio Manager
Jim Shore
Jim Shore
Sr. Client Portfolio Manager

Finding Global Small-Cap Opportunities in Uncertain Markets

Market Perspective | September 2019

Download PDF
  • Related Articles
  • More From Author

Six Reasons Investors Should Consider U.S. Value Stocks

Learn why we believe high-quality, dividend-paying U.S. companies may offer solid risk/reward potential.

Sustainable Investing in Emerging Markets

There’s a lot of talk about ESG investing. However, few managers have focused on emerging markets—and that’s where we see a lot of potential.

Opportunities in China Amid the Trade War

Trade war aside, Sr. Portfolio Manager Patricia Ribeiro is still finding opportunities to invest in China. Find out how in her latest quarterly update.

    Finding Global Small-Cap Opportunities in Uncertain Markets

    Senior Portfolio Manager Trevor Gurwich explains why the larger opportunity set and domestic focus of global small-cap equities make them well positioned to weather market pressures in the current environment.

    2019 Midyear Insights: Buying Opportunities in the U.S.-China Trade War

    Trevor Gurwich believes portfolio construction is key to navigating the uncertainties of the ongoing trade tensions between the U.S. and China.

    The Case for Investing in Global Small Caps

    Taking a global approach to investing in small-cap stocks can offer diversification and performance potential through exposure to a greater opportunity set and the inherent inefficiencies of global small-cap markets.

      Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results.

      The opinions expressed are those of American Century Investments (or the portfolio manager) and are no guarantee of the future performance of any American Century Investments' portfolio. This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.