Needham Small Cap Growth Fund – 2Q21 Commentary
MACRO OBSERVATIONS In 2Q21, the Russell 2000 returned 4.29%. Value stocks narrowly outperformed relative to growth, as the long end of the yield curve reversed its rapid and significant ascent in February and early March. We believe accommodative Central Bank policies will continue. However, discussions began on tapering bond purchases. The balance between economic growth, […]
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