Audio commentary: Unraveling the uncertainties

As holidays approach, people look forward to spending quality time with loved ones. They should also plan to spend some time talking about family finances.

Alternatives can offer diversification for an individual’s portfolio—as well as exposure to private markets—but they are complex.

After years of small-cap underperformance relative to large-cap counterparts, the tide looks to be turning. We look at why investors shouldn’t overlook this aspect of the 2025 equity outlook as small caps seem poised to return to form.