Russell Midcap Index

Last updated

The Russell Midcap Index measures performance of the 800 smallest companies (31% of total capitalization) in the Russell 1000 Index. As of 31 March 2017, the stocks of the Russell Midcap Index have a weighted average market capitalization of approximately $14.1 billion, median capitalization of $6.9 billion, and market capitalization of the largest company $58 billion. The index, which was launched on November 1, 1991, is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group.

The Russell 1000 Index is a stock market index that tracks the highest-ranking 1,000 stocks in the Russell 3000 Index, which represent about 90% of the total market capitalization of that index. As of 31 December 2017, the stocks of the Russell 1000 Index have a weighted average market capitalization of almost $178 billion; the median market capitalization is nearly $10.5 billion. The index, which was launched on January 1, 1984, is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group.

Contents

Its ticker symbol is ^RMCC.

Investing

The Russell Midcap Index is tracked by an ETF, iShares Russell Mid-Cap (NYSE Arca :  IWR). [1]

An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds and generally operates with an arbitrage mechanism designed to keep it trading close to its net asset value, although deviations can occasionally occur. Most ETFs track an index, such as a stock index or bond index. ETFs may be attractive as investments because of their low costs, tax efficiency, and stock-like features.

iShares family of exchange-traded funds (ETFs) managed by BlackRock

iShares is a family of exchange-traded funds (ETFs) managed by BlackRock. The first iShares ETFs were known as World Equity Benchmark Shares (WEBS) but have since been rebranded.

NYSE Arca Electronic stock market, which enables the trade of equity securities and options, located in Chicago, Illinois, United States

NYSE Arca, previously known as ArcaEx, an abbreviation of Archipelago Exchange, is an exchange on which both stocks and options are traded. It is owned by Intercontinental Exchange and is headquartered in Chicago.

Annual returns

YearTotal return
199534.45%
199619.00%
199729.01%
199810.09%
199918.23%
20008.25%
2001–5.62%
2002−16.19%
200340.06%
200420.22%
200512.65%
200615.26%
20075.60%
2008−41.46%
200940.48%
201025.48%
2011−1.55%
201217.28%
201334.76%
201413.22%
2015−2.44%
201613.80%
201718.52%

Top 10 holdings

Nvidia American global technology company

Nvidia Corporation is an American technology company incorporated in Delaware and based in Santa Clara, California. It designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SoCs) for the mobile computing and automotive market. Its primary GPU product line, labeled "GeForce", is in direct competition with Advanced Micro Devices' (AMD) "Radeon" products. Nvidia expanded its presence in the gaming industry with its handheld Shield Portable, Shield Tablet and Shield Android TV.

The Nasdaq Stock Market is an American stock exchange. It is the second-largest stock exchange in the world by market capitalization, behind only the New York Stock Exchange located in the same city. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic and Nasdaq Baltic stock market network and several U.S. stock and options exchanges

Johnson Controls Irish tax-registered corporation

Johnson Controls International plc is a multinational conglomerate headquartered in Cork, Ireland, that produces automotive parts such as batteries, and electronics and HVAC equipment for buildings. It employs 170,000 people in more than 1,300 locations across six continents. As of 2017, it was listed as 389th in the Fortune Global 500; in 2017, it became ineligible for the Fortune 500, as it was headquartered outside the U.S.

(as of March 31, 2017) [2]

Top sectors by weight

See also

The S&P MidCap 400 Index, more commonly known as the S&P 400, is a stock market index from S&P Dow Jones Indices. The index serves as a barometer for the U.S. mid-cap equities sector and is the most widely followed mid-cap index in existence. To be included in the index, a stock must have a total market capitalization that ranges from $1.4 billion to $5.9 billion at the time of addition to the index. As of 29 December 2017, the median market cap was almost $4.1 billion with the market cap of the largest company in the index at more than $13.1 billion and the smallest company at $626 million. The index's market cap covers nearly 7 percent of the total US stock market. The index was launched on June 19, 1991.

Russell Investments company

Russell Investments is a global asset management firm, founded in 1936. It provides multi-asset investing solutions to institutional investors, as well as to individuals via financial advisors. The company is owned by private equity firms TA Associates and Reverence Capital Partners.

Russell 2000 Index stock market index

The Russell 2000 Index is a small-cap stock market index of the bottom 2,000 stocks in the Russell 3000 Index. The index is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group.

Related Research Articles

S&P 500 Index stock market index

The S&P 500, or just the S&P, is an American stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE, NASDAQ, or the Cboe BZX Exchange.

Tel Aviv Stock Exchange Stock exchange located in Tel Aviv, Israel

The Tel Aviv Stock Exchange in Tel Aviv is Israel's only public stock exchange. Legally, the exchange is regulated by the Securities Law (1968), and is under the direct supervision of the Israel Securities Authority (ISA).

Russell indexes are a family of global equity indices from FTSE Russell that allow investors to track the performance of distinct market segments worldwide. Many investors use mutual funds or exchange-traded funds based on the FTSE Russell Indexes as a way of gaining exposure to certain portions of the U.S. stock market. Additionally, many investment managers use the Russell Indexes as benchmarks to measure their own performance. Russell's index design has led to more assets benchmarked to its U.S. index family than all other U.S. equity indexes combined.

The Russell 3000 Index is a capitalization-weighted stock market index, maintained by FTSE Russell, that seeks to be a benchmark of the entire U.S stock market. It measures the performance of the 3,000 largest publicly held companies incorporated in America as measured by total market capitalization, and represents approximately 98% of the American public equity market. As of 31 December 2017, the stocks of the Russell 3000 Index have a weighted average market capitalization of around $164 billion; the median market capitalization is nearly $1.8 billion. The index, which was launched on January 1, 1984, is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group.

The NYSE Composite (^NYA) is a stock market index covering all common stock listed on the New York Stock Exchange, including American depositary receipts, real estate investment trusts, tracking stocks, and foreign listings. It includes corporations in each of the ten industries listed in the Industry Classification Benchmark. It uses free-float market cap weighting.

An inverse exchange-traded fund is an exchange-traded fund (ETF), traded on a public stock market, which is designed to perform as the inverse of whatever index or benchmark it is designed to track. These funds work by using short selling, trading derivatives such as futures contracts, and other leveraged investment techniques.

The S&P SmallCap 600 Index is a stock market index established by Standard & Poor's. It covers roughly the small-cap range of US stocks, using a capitalization-weighted index. As of 31 January 2017, the market capital of companies included in the S&P SmallCap 600 Index ranged from US$400 million to US$1.8 billion. The index's median market cap was almost $1.1 billion and covered roughly three percent of the total US stock market. These smallcap stocks cover a narrower range of capitalization than the companies covered by the Russell 2000 Smallcap index which range from $169 million to $4 billion. The market valuation for companies in the SmallCap Index and other indices change over times with inflation and the growth of publicly traded companies. The S&P 400 MidCap index combined with the SmallCap 600 compose the S&P 1000, and the S&P 1000 plus the S&P 500 comprise the S&P 1500. The index was launched on October 28, 1994.

Stock market index method of measuring the value of a section of the stock market

A stock index or stock market index is a measurement of a section of the stock market. It is computed from the prices of selected stocks. It is a tool used by investors and financial managers to describe the market, and to compare the return on specific investments.

The Russell Top 200 Index measures the performance of the 200 largest companies in the Russell 1000 Index, with a weighted average market capitalization of $186 billion. The median capitalization is $48 billion; the smallest company in the index has an approximate capitalization of $14 billion.

The Russell Top 50 Index measures the performance of the largest companies in the Russell 3000 Index. It includes approximately 50 of the largest securities based on a combination of their market cap and current index membership and represents approximately 40% of the total market capitalization of the Russell 3000.

The Russell 2500 Index measures the performance of the 2,500 smallest companies in the Russell 3000 Index, with a weighted average market capitalization of approximately $4.3 billion, median capitalization of $1.2 billion and market capitalization of the largest company of $18.7 billion.

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 31 December 2016, 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 Russell Small Cap Completeness Index measures the performance of the companies in the Russell 3000 Index excluding the companies in the S&P 500. As of December 31, 2016, the index contains 2,472 holdings. It provides a performance standard for active money managers seeking a liquid extended benchmark, and can be used for a passive investment strategy in the extended market. Weighted average market capitalization is approximately $5.5 billion; median market capitalization, $1.2 billion. The index's largest company has a market capitalization of approximately $47.3 billion.

Invesco PowerShares subsidiary of Invesco which manages a family of exchange-traded funds or ETFs

Invesco PowerShares is a boutique investment management firm based near Chicago which manages a family of exchange-traded funds or ETFs. The company has been part of Invesco, which markets the PowerShares product, since 2006.

References

  1. "iShares Russell Mid-Cap ETF | IWR". IShares.
  2. "Russell Midcap Index factsheet" (PDF).