◀ The Principal Blog

Who Says Small Caps Are Overvalued?



“Substantially stretched” was the term Federal Reserve Chair Janet Yellen used a few weeks back to describe the valuations of smaller-company stocks in the United States, particularly those of smaller biotech and social media firms. The performance of small caps —and their outperformance…

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CoCos Pop with Opportunity – Meeting the Quest for Yield



As investors continue to search for yield, CoCos, short for contingent convertible bonds, may offer investors exactly that. Created in the aftermath of the financial crisis, CoCos have quickly become a popular choice among investors. But what exactly are they, why are investors drawn to them, and…

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