Investors looking for opportunities in this elevated market may want to take a look at U.S. small caps, according to Nuveen's Saira Malik.
"That's why we're looking at areas that are cheap — small caps trading at that big discount.
Malik views small caps as one of the most attractive areas amid a broad rally that's boosted the major indexes and valuations to new highs.
"Deregulation is going to make the world an interesting place, because it could open up more M & A activity, which, again, positive for small caps trading at that deep discount to their counterparts," Malik said.
The iShares Russell 2000 ETF (IWM) , which tracks the Russell 2000, is up 8% this month.
Persons:
Nuveen's Saira Malik, Smalls, Donald Trump's, Kamala Harris, Russell, Trump's, Malik, Nuveen, bode, Trump
Organizations:
CNBC's Delivering Alpha Conference
Locations:
U.S