Small Cap Value:
Q4 2025 Commentary
Q4 2025 Commentary
U.S. equities ended 2025 on a strong note, with small-cap value benefiting from Federal Reserve rate cuts and improving inflation trends. While market leadership remained narrow, increased dispersion created attractive opportunities for disciplined stock selection, driving the Snow Small Cap Value Strategy’s outperformance during the quarter. Looking ahead to 2026, wide valuation gaps and early signs of rotation toward value support a constructive outlook for small-cap value investing.