Getting in at the ground floor

The bull-run is already over for the small-cap space, and that spells upside opportunities, says PenderFund's David Barr 

Diana Cawfield 31 October, 2019 | 1:04AM

Ground floor steps

If you’re a small-cap investor with a value bias, challenging headwinds may be shifting in your favour. Based on recent data, that’s the favourable view of David Barr, manager of the gold-medallist Pender Small Cap Opportunities fund at PenderFund Capital Management in Vancouver.

“It’s quite the contradiction to what people are saying about large-cap stocks: we’ve had this great 10-year bull run - it must be ending,” says Barr, “Well, it’s [already] dead in the small-cap space.” And if you look at small caps today from a contrarian standpoint, “[it’s] ripe with opportunities,” says Barr.  

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Diversified Royalty Corp1.83 CAD0.55
Freshii Inc A1.31 CAD0.77
ProntoForms Corp0.93 CAD0.00

About Author

Diana Cawfield

Diana Cawfield  Diana Cawfield is an award-winning writer who has been a regular Morningstar contributor since 2000. Her numerous publication credits include the Toronto StarAdvisor's Edge and Chatelaine, as well as the Canadian Securities Institute's online educational services.

© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies