Value in Small-Caps…in Europe
December 31, 2013 at 10:30 AM EST
It has been a fantastic year for U.S. small-caps, a fact highlighted by the 38.4% gain for the iShares Russell 2000 ETF (NYSEArca: IWM). But with that price appreciation has come a trait often associated with soaring small-caps: High valuations. At the end of November, the Russell 2000 sported a...