Russell Microcap Index

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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 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.[1]

Investing[]

The Russell Microcap Index is tracked by the iShares Micro-Cap ETF (NYSE Arca: IWC).[2]

Top 10 holdings[]

(as of December 31, 2016)[3]

Top sectors by weight[]

  • Financial Services
  • Health Care
  • Consumer Discretionary
  • Technology
  • Producer Durables

See also[]

References[]

  1. ^ Mackintosh, James (18 February 2012). "Tiny-Company Boom Makes Markets Look Silly". Wall Street Journal. Retrieved 20 February 2021.
  2. ^ iShares Russell Microcap(R) Index Fund (IWC): Overview - iShares
  3. ^ "Russell Microcap Index factsheet" (PDF).

External links[]

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