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Beatriz Mendes

Small caps & EM

Beatriz Mendes

Russell 2000 internals, EM equity flows, and special situations the large-caps miss.

@smallcapem7 subscribersSince May 2026

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5 notes Small-cap & EM notes1-6 months average holdPosition sizing
FreeSmall Caps & EMIWMMay 19

IWM: the special situation worth owning

The special situation here is mispriced relative to the catalyst path.

ShortMedium convictionPosition sizing risk 4 min read
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PaidSmall Caps & EMFXIMay 19

Why FXI leads the next leg

Subscribers get the full thesis, the levels, and my positioning on FXI. Subscribe to read on.

Neutral / hedgedHigh convictionPosition sizing risk 10 min read
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FreeSmall Caps & EMFXIMay 10

FXI: small caps are coiling

EM equity flows are turning, and FXI is the cleanest expression.

LongHigh convictionPosition sizing risk 4 min read
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FreeSmall Caps & EMEWZMay 5

The EWZ setup large-caps miss

Small-cap breadth is basing in a way that usually precedes leadership.

ShortMedium convictionPosition sizing risk 7 min read
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FreeSmall Caps & EMFXIMar 31

The FXI setup large-caps miss

The special situation here is mispriced relative to the catalyst path.

LongLow convictionPosition sizing risk 9 min read
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