April 1, 2023
Small-Cap Value

Third Avenue Small-Cap Value Whitepaper: April 2023

Key Takeaways include:

  • Risk premiums between small-caps and large-caps have diverged over the past 5 years
  • The 4% plus risk premium embedded in small-cap indices has been an attractive entry point over the last 15 years
  • Current risk premiums favor investing in small-caps versus large-caps
  • Third Avenue Small-Cap Value Fund is even more appealing with embedded risk premiums exceeding both small and large-cap indices

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