Jodi Love, lead portfolio manager of the T. Rowe Price Small-Mid Cap ETF (TMSL), believes that small-cap earnings are
turning around after 10 quarters of declines, with estimates now pointing to accelerating growth. She notes that small
and mid-cap stocks are trading at a significant discount to large caps, offering substantial room for growth. Love's
fund, TMSL, has seen strong performance and capitalizes on this shift by investing in "picks and shovels" companies that
support larger tech firms.