Zach Evans

Zach Evans, a manager research analyst at Morningstar who specializes in ETFs and passive investment strategies, dives into the shifting landscape of small-cap investing. He explains how private markets are claiming opportunities once available in public stocks, leading to small-cap underperformance. Zach discusses the impact of regulatory changes on accessibility, the risk factors associated with small caps, and how volatility differs by market cap. Finally, he explores potential catalysts for reversing current sentiment toward small caps and the challenges active managers face in this changing environment.