Small Is Beautiful in Europe, Not So Much Across Atlantic: Chart

It has been a tale of two regions in the small-cap world this year, with European shares resilient as their U.S. counterparts slumped. Reaction to currency moves are partly behind the divergence, with a weaker dollar acting as a headwind for smaller capitalized U.S. stocks, which tend to have less foreign revenue. Euro-region small caps are relatively immune to the shared currency’s appreciation due to their strong domestic focus, according to strategists at Candriam Investors Group.

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