Tech is back in the leadership position today. Big tech, but small caps lately have been the ones putting up some big gains. The Russell 2000 outperforming the Mag 7 over the past month, and my next next guest thinks that'll continue.Says the trade has legs next year, but expects the leadership to change. Julie Beal is chief market strategist at Kane Anderson RDN. Julie, welcome.And what do you think is about to take place. Well, I think that what's going to really start to happen is people are going to rec ...

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Core Viewpoint - The State Street SPDR S&P 600 Small Cap Growth ETF (SLYG) is a passively managed ETF aimed at providing broad exposure to the Small Cap Growth segment of the US equity market, with assets exceeding $3.65 billion, making it one of the larger ETFs in this category [1] Group 1: Fund Overview - SLYG was launched on September 25, 2000, and is sponsored by State Street Investment Management [1] - The ETF has annual operating expenses of 0.15%, positioning it as one of the cheaper options in the market [4] - It has a 12-month trailing dividend yield of 1.1% [4] Group 2: Market Characteristics - Small cap companies, defined as those with market capitalizations below $2 billion, are associated with higher potential returns but also higher risks [2] - Growth stocks typically exhibit higher sales and earnings growth rates but come with higher valuations and volatility compared to value stocks [3] Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Industrials sector, comprising about 20.7% of the portfolio, followed by Information Technology and Healthcare [5] - Sterling Infrastructure Inc (STRL) represents approximately 1.46% of total assets, with Spx Technologies Inc (SPXC) and Interdigital Inc (IDCC) also among the top holdings [6] Group 4: Performance Metrics - SLYG aims to match the performance of the S&P SmallCap 600 Growth Index, which includes U.S. common equities with market capitalizations between $250 million and $1.2 billion [7] - The ETF has returned roughly 6.65% year-to-date and is down about 0.88% over the past year, with a trading range of $72.61 to $97.90 in the last 52 weeks [8] - It has a beta of 1.05 and a standard deviation of 20.05% over the trailing three-year period, indicating a medium risk profile [8] Group 5: Alternatives - Other ETFs in the small cap growth space include the iShares Russell 2000 Growth ETF (IWO) with $13.46 billion in assets and an expense ratio of 0.24%, and the Vanguard Small-Cap Growth ETF (VBK) with $21.00 billion in assets and a lower expense ratio of 0.07% [11] Group 6: Investment Appeal - Passively managed ETFs like SLYG are favored by both institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency [12]

Group 1: Investment Strategy - The core investment strategy suggested is to diversify portfolios by looking outside the US for better returns, particularly in small-cap growth stocks and real estate [1][2][8] - Small-cap growth strategies are highlighted for their potential to capture more upside, despite also having more downside risk, making them appealing in the current market environment [4][5] - The current intra-stock correlations in the small-cap sector are at historic lows, indicating significant opportunities for alpha generation [5] Group 2: Market Performance - Emerging markets and Europe have outperformed the US this year, with a specific focus on India, which has seen a shift from underweight to overweight by analysts due to improving conditions [9][11] - While broad emerging markets have performed well, India's performance has been relatively muted, attributed to trade tensions and other headwinds, but recent government reforms are expected to enhance its attractiveness [10][12] - India's market multiple has decreased from 25 to 23, and its premium over other emerging markets has shifted, indicating a potential for recovery and growth [11]

Group 1 - The article does not provide any relevant content regarding the company or industry [1]

Group 1 - The article does not provide any specific content or key points related to a company or industry [1]

Core Viewpoint - The Invesco S&P SmallCap Momentum ETF (XSMO) is a significant player in the Small Cap Growth segment of the US equity market, with over $2 billion in assets, providing investors with diversified exposure to this sector [1]. Group 1: Fund Overview - XSMO was launched on March 3, 2005, and is passively managed to track the Small Cap Growth segment [1]. - The fund has amassed assets exceeding $2 billion, positioning it among the larger ETFs in its category [1]. Group 2: Small Cap Growth Characteristics - Small cap companies are defined as those with market capitalizations below $2 billion, typically presenting higher growth potential but also higher risks compared to larger companies [2]. - Growth stocks generally exhibit higher sales and earnings growth rates, but they come with higher valuations and volatility [3]. Group 3: Costs and Performance - The ETF has an expense ratio of 0.36%, which is competitive within its peer group, and a 12-month trailing dividend yield of 0.83% [4]. - XSMO aims to match the performance of the S&P SMALLCAP 600 MOMENTUM INDEX, with a year-to-date return of approximately 9.47% and a one-year return of about 10.92% as of November 4, 2025 [7]. Group 4: Sector Exposure and Holdings - The ETF's largest allocation is to the Industrials sector, comprising about 18.9% of the portfolio, followed by Financials and Consumer Discretionary [5]. - The top holding, Mr Cooper Group Inc (COOP), represents approximately 3.22% of total assets, with the top 10 holdings accounting for about 22.49% of total assets under management [6]. Group 5: Risk and Diversification - XSMO has a beta of 1.07 and a standard deviation of 21.02% over the trailing three-year period, indicating a moderate level of risk [8]. - The ETF includes around 118 holdings, which helps to effectively diversify company-specific risk [8]. Group 6: Alternatives - Other ETFs in the small cap growth space include the iShares Russell 2000 Growth ETF (IWO) with $13.17 billion in assets and the Vanguard Small-Cap Growth ETF (VBK) with $20.67 billion [11]. - IWO has an expense ratio of 0.24%, while VBK charges 0.07%, making them potentially attractive alternatives for investors [11]. Group 7: Market Trends - There is a growing trend among retail and institutional investors towards passively managed ETFs due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [12].

Core Viewpoint - The iShares S&P Small-Cap 600 Growth ETF (IJT) is a passively managed ETF designed to provide broad exposure to the Small Cap Growth segment of the US equity market, with significant assets under management of over $6.13 billion [1] Group 1: Fund Overview - The fund was launched on July 24, 2000, and is sponsored by Blackrock [1] - It targets small cap companies with market capitalizations below $2 billion, which are considered high-potential stocks but come with higher risks [2] Group 2: Performance Metrics - IJT aims to match the performance of the S&P SmallCap 600 Growth Index, which measures the small-capitalization growth sector of the U.S. equity market [7] - The ETF has gained approximately 1.59% year-to-date and is up about 2.98% over the past year as of August 21, 2025 [7] - In the last 52 weeks, the ETF has traded between $108.87 and $150.65 [7] Group 3: Cost Structure - The annual operating expenses for IJT are 0.18%, which is competitive within its peer group [4] - The ETF has a 12-month trailing dividend yield of 1.04% [4] Group 4: Sector Exposure and Holdings - The ETF has the largest allocation to the Industrials sector, comprising about 23% of the portfolio, followed by Financials and Information Technology [5] - Individual holdings include Spx Technologies Inc (SPXC) at approximately 1.14% of total assets, along with Aerovironment Inc (AVAV) and Brinker International Inc (EAT) [6] Group 5: Risk Profile - IJT has a beta of 1.08 and a standard deviation of 21.25% over the trailing three-year period, indicating a medium risk profile [8] - The ETF consists of about 356 holdings, which helps to diversify company-specific risk [8] Group 6: Alternatives - IJT carries a Zacks ETF Rank of 3 (Hold), suggesting it is a viable option for investors seeking exposure to the Small Cap Growth area [9] - Alternative ETFs include the iShares Russell 2000 Growth ETF (IWO) with $11.91 billion in assets and the Vanguard Small-Cap Growth ETF (VBK) with $19.48 billion [10]

Core Viewpoint - The Janus Henderson Small Cap Growth Alpha ETF (JSML) provides broad exposure to the Small Cap Growth segment of the US equity market, with a focus on small-cap companies that have high growth potential but also higher risks [1][2]. Group 1: Fund Overview - JSML is a passively managed ETF launched on February 23, 2016, and has accumulated assets over $207.21 million, positioning it as an average-sized ETF in its category [1]. - The ETF has annual operating expenses of 0.3% and a 12-month trailing dividend yield of 1.63%, making it competitive with peer products [4]. Group 2: Investment Characteristics - Small cap companies, defined as those with market capitalizations below $2 billion, typically exhibit higher growth potential compared to larger companies, albeit with increased risk [2]. - Growth stocks, which JSML targets, are characterized by faster growth rates, higher valuations, and above-average sales and earnings growth, but they also come with higher volatility [3]. Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Industrials sector, comprising about 21.9% of the portfolio, followed by Information Technology and Financials [5]. - The top holding, Sterling Infrastructure Inc. (STRL), accounts for approximately 2.23% of total assets, with the top 10 holdings representing about 18.94% of total assets under management [6]. Group 4: Performance Metrics - As of August 15, 2025, JSML has gained approximately 8.61% year-to-date and 18.23% over the past year, with a trading range between $54.00 and $73.60 in the last 52 weeks [8]. - The ETF has a beta of 1.24 and a standard deviation of 23.03% over the trailing three-year period, indicating a diversified approach to mitigate company-specific risk [8]. Group 5: Alternatives - Other ETFs in the small-cap growth space include the iShares Russell 2000 Growth ETF (IWO) with $12.12 billion in assets and the Vanguard Small-Cap Growth ETF (VBK) with $19.65 billion, offering lower expense ratios of 0.24% and 0.07%, respectively [11]. Group 6: Market Trends - There is a growing trend among retail and institutional investors towards passively managed ETFs due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [12].

Core Viewpoint - The iShares Russell 2000 Growth ETF (IWO) is a significant investment vehicle for exposure to the Small Cap Growth segment of the US equity market, with assets exceeding $11.74 billion, making it one of the largest ETFs in this category [1]. Investment Potential - Small cap companies, defined as those with market capitalizations below $2 billion, present high potential for growth but also come with increased risk [2]. Characteristics of Growth Stocks - Growth stocks typically exhibit faster growth rates, higher valuations, and above-average sales and earnings growth compared to the broader market. They tend to outperform value stocks in strong bull markets, although value stocks have historically provided better long-term returns across various market conditions [3]. Cost Structure - The iShares Russell 2000 Growth ETF has an annual operating expense ratio of 0.24%, which is competitive within its peer group. It also offers a 12-month trailing dividend yield of 0.79% [4]. Sector Allocation and Holdings - The ETF has a significant allocation to the Information Technology sector, comprising approximately 22% of the portfolio, followed by Healthcare and Industrials. The top 10 holdings represent about 6.91% of total assets, with Credo Technology Group Holding Ltd (CRDO) accounting for around 1.02% [5][6]. Performance Metrics - The ETF aims to replicate the performance of the Russell 2000 Growth Index, which captures the small-cap growth sector of the US equity market. As of August 12, 2025, the ETF has increased by about 1.6% year-to-date and approximately 11.48% over the past year, with a trading range between $224.16 and $315.36 in the last 52 weeks. It has a beta of 1.15 and a standard deviation of 22.95% over the trailing three-year period, indicating a higher risk profile [7][8]. Alternatives - Other ETFs in the small-cap growth space include the iShares S&P Small-Cap 600 Growth ETF (IJT) and the Vanguard Small-Cap Growth ETF (VBK), with assets of $6.03 billion and $19.12 billion respectively. IJT has an expense ratio of 0.18%, while VBK charges 0.07% [11]. Conclusion - Passively managed ETFs like IWO are increasingly favored by both retail and institutional investors due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [12].