Are Private Markets the New Small-Caps?

Original Description

Is the traditional path for growth stocks broken? The ETF Zoo crew featuring ETF.com’s Dave Nadig and Sumit Roy, alongside Eric Balchunas of Bloomberg Intelligence and Factset’s Elisabeth Kashner break down a massive shift in the financial landscape: Why the "toddlers and teenagers" of the corporate world are avoiding the public markets, and what that means for your portfolio.

From the resurgence of small-cap value to the looming IPO of SpaceX, we explore whether the next decade of investing looks anything like the last.

Highlights from this conversation include:

Eric Balchunas claims public small-cap indices have become a "dumping ground" for older companies, while the real growth stays private. At the same time, small-cap value ETFs are smashing performance.

Is the journey of SpaceX indicative of the new norm for unicorns and even small-caps? Elon Musk’s aerospace giant—valued higher than Walmart—could change the rules for index inclusion and make IPOs "cool” again.

"VOO and Chill": Is market timing a fool's errand? We discuss the importance of efficiency and the "Boglehead" philosophy in a chaotic news cycle.

To see this conversation with a full transcript, go here: https://www.etf.com/sections/equity/privates-are-form-new-small-cap