Formed in 2001, Conestoga manages small- and mid-capitalization stock
portfolios for institutional investors, high net worth individuals, and sub-advisory relationships.
Augustine's top small- and mid-capitalization stock
picks include Strong Buy-rated Alteon Inc.
Both individuals will serve as Equity Research Analysts and will support Conestoga's research of small- and mid-capitalization stocks
Today's rise boils down to the fact that small- and mid-capitalization stocks
were still strong,'' said Nagayuki Yamagishi, senior strategist at UFJ Tsubasa Securities Co.
Over the past 65 years, small- and mid-capitalization stocks
have produced total returns of about 13 percent, while the S&P 500 has returned about 10.
Small- and mid-capitalization stocks
may be subject to higher degrees of risk, their earnings may be less predictable, their prices more volatile, and their liquidity less than that of large-capitalization or more established companies' securities.
The $69 billion Vanguard Emerging Markets Stock Index Fund, $52 billion Vanguard Developed Markets Index Fund, $20 billion Vanguard European Stock Index Fund, and $6 billion Vanguard Pacific Stock Index Fund will move from FTSE benchmarks containing large- and mid-capitalization stocks
to broader FTSE benchmarks that include large-, mid-, and small-capitalization stocks, as shown in the accompanying table.
In addition, some monies were moved from domestic large-capitalization stocks to provide for an increase in exposure to both domestic small- and mid-capitalization stocks
In managing its portion of Morgan Growth Fund, Kalmar follows a fundamental strategy to identify undervalued mid-capitalization stocks
of solid, well-managed companies.
He will also performinvestmentresearch across our universe of small- and mid-capitalization stocks
The new fund will seek to track the performance of the FTSE All-World Index, a float-adjusted, market-capitalization-weighted index designed to measure the equity market performance of large- and mid-capitalization stocks
The Fund may invest in REIT stocks, which tend to be small- or mid-capitalization stocks
and there is the possibility that returns from REITs may trail returns from the overall stock market.