T. Rowe’s US small-cap analyst on “less attractive” valuations in the US market

Eric Papesh, US equity portfolio specialist on the $908m T. Rowe Price US Smaller Companies Equity fund discusses the fund and its 200 holdings with Fund Strategy in a recent Q&A. Papesh explains why it is difficult to tell whether US small and mid caps will outperform European and Asian counterparts in the near term and highlights the advantages to running a broadly diversified portfolio.