Value Equity Insights

The Case for Small Caps (December 7, 2020)

by Bill O’Grady, Mark Keller, and Dan Winter | PDF To measure market capitalization, we use the Wilshire Large Cap and Wilshire Small Cap indices. The following chart shows the log-transformed ratio. On this chart, a rising number indicates stronger large caps relative to small caps. In general, small caps tend to outperform coming out… Read More »

Shining a Light on Indexes – How to Help Investors Better Achieve Their Goals (July 2020)

A Report from the Value Equities Investment Committee | PDF “What is the appropriate benchmark for your strategy?” This is a question frequently posed to an investment manager. Before this question can be answered, it is necessary to gain a solid understanding of the strategy by examining the manager’s investment philosophy and how it is… Read More »

IDEA Dividend Update (March 31, 2020)

A Report from the Value Equities Investment Committee | PDF Growing dividends are at the core of Confluence’s Increasing Dividend Equity Account (IDEA) strategy. Given the unprecedented nature of a national economic shutdown to combat COVID-19, it is likely that many companies, including some that may be held in the IDEA portfolio, will choose to… Read More »