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
The Russell 2000 Index is a small cap company , small-cap stock market index that makes up the smallest 2,000 stocks in the Russell 3000 Index. It was started by the Frank Russell Company in 1984. The index is maintained by FTSE Russell, a subsi ...
based on a combination of their market cap and current index membership and it also includes up to the next 1,000 stocks. , the weighted average
market capitalization
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders.
Market capitalization is equal to the market price per common share multiplied by t ...
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
A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. In short, ticker symbols are arrangements of symbols or characters (generally Latin letters ...
is ^RUMIC.
Records
In February 2021, during the
everything bubble
The expression "everything bubble" refers to the correlated impact of monetary easing by the Federal Reserve (and followed by the European Central Bank and the Bank of Japan) on asset prices in most asset classes, namely equities, housing, bon ...
, a record 14 members of the index exceeded the market capitalization of the smallest member of the
S&P 500 Index
The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices. As of D ...
.
Investing
The Russell Microcap Index is tracked by the
iShares
iShares is a collection of exchange-traded funds (ETFs) managed by BlackRock, which acquired the brand and business from Barclays in 2009. The first iShares ETFs were known as World Equity Benchmark Shares (WEBS) but have since been rebranded ...
Micro-Cap
ETF ().
Top 10 holdings
*
Mercury Systems
Mercury Systems, Inc. is a technology company serving the aerospace and defense industry. It designs, develops and manufactures open architecture computer hardware and software products, including secure embedded processing modules and subsystem ...
()
*
Centerstate Banks ()
*
Lakeland Financial
Lakeland is primarily a toponym. It may refer to:
Places Australia
*Lakeland, Queensland
Canada
*Lakeland (electoral district), a federal electoral district in Alberta
* Lakeland County, a former municipal district in Alberta
* District of L ...
()
*
Merit Medical Systems
Merit may refer to:
Religion
* Merit (Christianity)
* Merit (Buddhism)
* Punya (Hinduism)
* Imputed righteousness in Reformed Christianity
Companies and brands
* Merit (cigarette), a brand of cigarettes made by Altria
* Merit Energy Company, ...
()
*
Team Inc
A team is a group of individuals (human or non-human) working together to achieve their goal.
As defined by Professor Leigh Thompson of the Kellogg School of Management, " team is a group of people who are interdependent with respect to infor ...
()
*
Patrick Industries Patrick may refer to:
*Patrick (given name), list of people and fictional characters with this name
* Patrick (surname), list of people with this name
People
*Saint Patrick (c. 385–c. 461), Christian saint
*Gilla Pátraic (died 1084), Patrick o ...
()
*Synergy Pharmaceuticals ()
*
Hanmi Financial ()
*
Aerie Pharmaceuticals
Aerie Pharmaceuticals Inc. is a clinical-stage pharmaceutical company focused on the discovery, development and commercialization of therapies for the treatment of patients with glaucoma and other diseases of the eye. Aerie's two lead product candi ...
()
*
Stewart Information Services ()
(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
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Russell Investments
Russell Investments is an investment firm headquartered in Seattle, Washington.
Corporate overview
According to ''American Banker'', Russell Investments has approximately $300 billion of assets under management, as of September 2019. The firm r ...
*
Russell 2000 Index
The Russell 2000 Index is a small cap company , small-cap stock market index that makes up the smallest 2,000 stocks in the Russell 3000 Index. It was started by the Frank Russell Company in 1984. The index is maintained by FTSE Russell, a subsi ...
*
Russell 1000 Index
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 93% of the total market capitalization of that index. , the stocks of the Russell 1000 Index had a weighted ...
References
External links
FTSE Russell Index Fact SheetFTSE Russell IndexesFTSE Russell Investment GroupIndex Construction and MethodologyYahoo! Finance page for ^RUMIC
American stock market indices
Financial services companies established in 1981
1981 establishments in the United States