Deep Dive: ‘Human capital’ stocks come to life as the economy nears full employment

Jay Kaplan of Royce Funds said in an interview that, as the U.S. economy continues to create jobs at a rapid pace, companies that provide “human capital” are well-positioned to make money for investors.

With the U.S. “at full employment … it is harder to find people, so the companies that help with this are likely to do well.”

Kaplan has co-managed the small-cap Royce Total Return Fund RYTRX, +0.66% for 11 years, along with Chuck Royce, who started managing the fund more than 23 years ago.

Also see:11 retailers still thriving as Amazon threatens on all fronts

>>> Original Source <<<