Small-cap companies have often paid higher tax rates than their larger rivals, which means that in many cases they have more to gain from the tax cuts introduced late last year.
A stronger USD means large companies with an international footprint are more susceptible to lower overseas demand for their products. Meanwhile, smaller companies are able to capitalize on a stronger domestic economy.
DESC charges 0.30% per year, or $30 on a $10,000 investment, a favorable fee among smart beta small-cap strategies.
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