Small-Cap Stock Investing Trends

This interview podcast features a conversation between a host and Nathan Moser, a portfolio manager specializing in small-cap funds. The discussion centers on the challenges and opportunities within the small-cap market, particularly in light of the dominance of large tech companies. Moser highlights the attractive valuations in small-cap, but acknowledges client hesitancy. He advises focusing on higher-quality, profitable companies, with exceptions for innovative sectors like biotech. As a specific example, Moser discusses Victory Capital (VCTR), a top holding in his fund, emphasizing its strong financial performance and acquisition strategy as a successful model in a challenging market for active management.