GuruFocus Premium Membership

Serving Intelligent Investors Since 2004

Try It 100% FREE for 7 Days!

Free 7-day Trial
All Articles and Columns »

Why Royce Funds' Jay Kaplan Avoids REITS And MLPs

June 28, 2013 | About:
Canadian Value

Canadian Value

The managers of the Royce Funds are specialists in investing in small-cap stocks.

In the video below Royce's Jay Kaplan explains why volatility in the market doesn't bother him, instead he welcomes it.

Kaplan says not to panic on days when the market is dropping, but rather to use those days to buy shares of high quality companies on sale.

Kaplan also discusses his preference for avoiding Real Estate Investment Trusts and MLPs which investors have bid up in search of yield. Kaplan doesn't like the leverage that these entities carry nor their reliance on capital market funding.

Watch the latest video

About the author:

Canadian Value

Rating: 2.0/5 (4 votes)


Please leave your comment:

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial