External Research

Small Cap as an Alternative to Private Equity – The Brandes Institute

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The views expressed in this article are those of the authors as of the dates of the article. The opinions expressed are subject to change, are not guaranteed and are not intended as a forecast or as a recommendation to buy or sell any security.

Past performance does not guarantee future results. The data provided in this reprint is historical sector or index specific performance and is not indicative or predictive of any future returns. You may not invest directly in an index or sector. The historical returns provided are not representative of any Perritt Fund. Standardized performance for our funds can be obtained by clicking here.

Mutual fund investing involves risk. Principal loss is possible. The Funds invest in smaller companies, which involve additional risks such as limited liquidity and greater volatility. The Funds invest in micro cap companies which tend to perform poorly during times of economic stress. The Ultra MicroCap Fund may invest in early stage companies which tend to be more volatile and somewhat more speculative than investments in more established companies.

Beta measures the sensitivity of rates of return on a fund to general market movements. A beta above 1 is generally more volatile than the overall market, while a beta below 1 is generally less volatile. Cash flow is a revenue or expense stream that changes a cash account over a given period. Standard Deviation is a statistical measure of the historical volatility of a mutual fund or portfolio, usually computed using 36 monthly returns.

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