Royce Sees Market Rally Continuing

The current market rally can continue despite the upcoming election and so many investors remaining on the sidelines, Chuck Royce, chief investment officer at The Royce Funds, said in his third-quarter update. To read his commentary, click here.

Royce's colleague, co-chief investment officer Whitney George, notes that for many investors fear has replaced greed, which has created irrational behavior and hurt value stocks, like those selected for the Royce Low-Priced Stock Fund. To read George's full commentary, click here.

The Royce Low-Priced Stock Fund, which invests in small companies, is a component of the Bradway Strategic Portfolio, which consists primarily of investments with top money managers. For the third quarter, the fund gained 4.59 percent, trailing the benchmark Russell 2000 Index return of 5.25 percent. For the year to date through Sept. 30, the fund returned 2.03 percent, underperforming the index return of 11.47 percent. Over the past 10 years, the fund has returned 10.49 percent vs. the benchmark return of 10.17 percent.