Hints and tips:
Related Special Reports
...The S&P BSE small-cap index is down 4.9 per cent month to date....
...“We’ve in effect created two FTSE 100 companies,” Leahy added, explaining that B&M was a constituent of the UK large cap index and MFG probably would be if it was listed....
...And yet: The Russell 2000 small-caps index has now lagged behind the S&P 500 large-capitalisation index since its inception at the end of 1978, overturning a century of return data across multiple countries...
...US small caps are suffering their worst performance run relative to large companies in more than 20 years....
...“That’s been the success story in Sweden for sure, having large funds actively looking at domestic small and mid-cap opportunities.”...
...vehicles such as exchange traded funds....
...rose 20 per cent and the HFRI Fund Weighted Composite index was up 8.1 per cent....
...OK OK, to pre-empt some of the more nuanced objections: — Yes, for every new dollar that goes into a market-cap index fund, more cents are going into large US tech stocks than ever before....
...For example, the MSCI world large cap index has outperformed the MSCI world mid-cap index by almost five percentage points a year over the past five years....
...Well, China A shares are large and mid-cap names listed on the Shanghai and Shenzhen exchanges which are available to foreign investors via the “stock connect” with Hong Kong....
...And the goal of the FTSE Japan index is to “represent the performance of Japanese large and mid-cap stocks”....
...“In a decade where value and small caps have underperformed compared to growth and large caps, this difference in strategy is pivotal.”...
...And like Goldman, Barclays sees value among domestics. UK small-caps are trading at a 20-year low relative valuation to large caps....
...Consolidation in institutional investment and the rise of index investing pushes money towards bigger index constituents, leaving just about everyone else and particular mid- or small-cap growth companies...
...It is interesting to see how the Russell 2000 small-caps index has in recent years become a more popular benchmark to showcase private equity returns — which no doubt has nothing to do with its weak performance...
...Both funds are virtually perfect substitutes in highly liquid market segments, such as large-cap domestic equities....
...They point to the rise of passive, index-tracking funds, which automatically pour money into the largest stocks....
...In contrast, Rs33bn flowed out of large-cap portfolios during that period, according to data from the Association of Mutual Funds in India....
...It’s hard to argue with that assessment in aggregate when discussing mutual funds, private assets or indeed US large-cap stocks....
...He believed relative valuations may be a bigger factor, with the Russell 1000 index of large US companies currently trading at a price-book ratio of 3.5, more than twice the 1.6 of the MSCI EAFE index, which...
...Understand that for a trust to create more value than an index tracker fund its make-up needs to differ from the index, so in terms of performance it will sometimes be ahead and sometimes behind the index...
...Or you can say, I think small caps — you know, small companies, small capitalisation companies — have superior qualities to large companies. So I want to buy small caps....
...The funds are all actively managed, according to the filing, which lists the $5.2bn Large Cap Value Enhanced Index, $2.3bn Large Cap Growth Enhanced Index, $1.8bn Large Cap Core Enhanced Index, $1.7bn Mid...
...And so we’ve just looked at these three factors: ex-US versus US, small cap versus large cap, value versus growth....
...In both cases, the fund caps monthly distributions at half of the premiums received or 1 per cent of the fund’s net asset value, with any excess premiums reinvested....
International Edition