|Day Low/High||34.89 / 35.63|
|52 Wk Low/High||20.81 / 43.48|
Both, actually. But the one who came out way ahead might surprise you.
With a month to go for these portfolios, the Active version is outperforming the Passive one, though both are crushing their Russell kindred.
Six of the eight active names are in positive territory.
Since the last update, both portfolios are up about 9%, keeping the performance gap at about 1700 bps.
While Fitbit is still the best performer, other names are beginning to carry their weight.
While this experiment is still inconclusive, it's still nice to see both groups of triple nets outperforming.
The two portfolios, one active and the other passive, have sagged with the broader market but still are outperforming a pair of Russell value indices.
Can an active approach outperform a passive approach in small, deeper value names?
One thing is certain: Triple-nets are not a common investment hunting ground, but some may be the recipe for the next ETF.
FANG names and precious metals are countering retail weakness, but sustained leadership is a challenge.
I am focusing on stock picking, as the indices are still stuck in a trade range.
Keep an eye on ROBO, which is catching the early part of a likely long-term trend.
Michael Corbett, portfolio manager for the Perritt Micro Cap Opportunities Fund, names his favorite micro-cap stocks including Acent Capital, CyberOptics, Midas and Century Casinos.