Microcaps in the S&P Midcap 400 Index
Standard & Poor’s describes the Midcap 400 Index (pdf) as “the most widely used index for mid-sized companies” ranging in market capitalization from $1 billion to $4.5 billion. S&P must have drafted that specification in better markets. Now, more than 1 in 8 Midcap 400 constituents have a market capitalization below $500 million, and many are [...]
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