Russell Microcap Index
The Russell Microcap Index measures the performance of the microcap segment of the U.S. equity market. It makes up less than 3% of the U.S. equity market. It includes 1,000 of the smallest securities in the Russell 2000 Index based on a combination of their market cap and current index membership and it also includes up to the next 1,000 stocks. {{as of|2016|12|31}}, the weighted average market capitalization for a company in the index was $535 million; the median market cap was $228 million. The market cap of the largest company in the index was $3.6 billion.
The index, which was launched on June 1, 2005, is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group. Its ticker symbol is ^RUMIC.
Records
In February 2021, during the everything bubble, a record 14 members of the index exceeded the market capitalization of the smallest member of the S&P 500 Index.{{cite news | newspaper=Wall Street Journal | date=18 February 2012 | accessdate=20 February 2021 | title=Tiny-Company Boom Makes Markets Look Silly | url=https://www.wsj.com/articles/tiny-company-boom-makes-markets-look-silly-11613666534 | first=James | last=Mackintosh}}
Investing
The Russell Microcap Index is tracked by the iShares Micro-Cap ETF ({{NYSE Arca|IWC}}).[http://us.ishares.com/product_info/fund/overview/IWC.htm iShares Russell Microcap(R) Index Fund (IWC): Overview - iShares]
Top 10 holdings
- Mercury Systems ({{NASDAQ|MRCY}})
- Centerstate Banks ({{NASDAQ|CSFL}})
- Lakeland Financial ({{NASDAQ|LKFN}})
- Merit Medical Systems ({{NASDAQ|MMSI}})
- Team Inc ({{NYSE|TISI}})
- Patrick Industries ({{NASDAQ|PATK}})
- Synergy Pharmaceuticals ({{NASDAQ|SGYP}})
- Hanmi Financial ({{NYSE|HAFC}})
- Aerie Pharmaceuticals ({{NASDAQ|AERI}})
- Stewart Information Services ({{NYSE|STC}})
(as of December 31, 2016){{cite web|url=http://www.ftse.com/Analytics/FactSheets/temp/aa49d88e-99ff-48a1-b55a-330875911310.pdf |title=Russell Microcap Index factsheet}}
Top sectors by weight
- Financial Services
- Health Care
- Consumer Discretionary
- Technology
- Producer Durables
See also
References
External links
- [https://www.ftse.com/Analytics/FactSheets/Home/DownloadSingleIssue?issueName=US5003USD&IsManual=True FTSE Russell Index Fact Sheet]
- [http://www.ftse.com/products/indices/russell-us FTSE Russell Indexes]
- [http://91.235.121.52/ FTSE Russell Investment Group]
- [http://www.ftse.com/products/downloads/Russell-US-indexes.pdf?704&_ga=2.164919103.1290268024.1498072168-507163500.1498072168 Index Construction and Methodology]
- [https://finance.yahoo.com/q?s=^RUMIC Yahoo! Finance page for ^RUMIC]
Category:American stock market indices