Although two small-cap money managers don’t see an economic turnaround until 2010, they say many Canadian small-cap stocks are valued cheaply and they’ve already begun buying in anticipation that the asset class will shine when the recession ends.“When the economy turns around, small-caps should outperform,” says Martin Ferguson, manager of Mawer New Canada Fund with […]
Although the steep correction of commodities prices has depressed small-cap mining stocks, they soon could be on the way back up
“We’re taking our time and letting the opportunities come to us,” says the manager of one fund, which is 32% in cash
With the exception of some companies caught up in the commodities boom, small-cap stock prices have dropped from a year ago, when they were looking expensive relative to their large-cap counterparts. “Small-cap valuations are starting to get an edge, although it’s not significant yet,” says Martin Ferguson, manager of Mawer New Canada Fund at Calgary-based […]