American Century Investments, an investment management company, released its fourth-quarter 2025 investor letter for the “American Century Investments Small Cap Value Fund.” A copy of the letter is available to download here. U.S. stocks advanced during the quarter, with large-cap stocks slightly outperforming small-cap stocks, while both groups did better than mid-cap stocks. Across all market capitalization categories, value-style stocks surpassed growth-style stocks. The economy grew at an annualized rate of 4.3% in the third quarter, compared to 3.8% in the previous quarter, and...
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