A Microcap Fund's Macro Gains

Michael Corbett explains why a focus on the smallest of the small has reaped outsize rewards for Perritt MicroCap Opportunities

Smaller-cap stocks have been outperforming their bigger brothers -- and are likely to continue to do so, believes Michael Corbett, co-manager of the Perritt MicroCap Opportunities Fund. He cites two reasons: the much more attractive valuations of small-cap stocks and the fact that such issues tend to do better in a time of rising interest rates, which he expects to be coming soon.

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