Investment Consulting Services

Notice the following:

• Once a company size segment begins to outperform, it tends to due so for several years, and
• In any individual year, the performance difference between large and small stocks may be significant. For example, in 22 of the 27 periods shown (81%) , the performance difference has been at least 4 percentage points.
• By increasing the allocation to the in-favor equity style, an opportunity to add value is created.

As with company size, there are also performance trends that exist between different investment approaches:

• While the performance trends may not last as long between value and growth stocks, it is not uncommon to see multi-year trends.
• During the past 27 years, 20 years (or 74%) have exhibited investment approach differences over 4%.
• By maintaining a flexible allocation between the investment approaches, there is an opportunity to add value.