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
The SMid Cap strategy represents a blend of both small- and mid-capitalization stocks
, and Conestoga believes the new strategy will be a natural extension of its investment expertise.
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.
typically carry additional risk, since smaller companies generally have higher risk of failure and, historically, their stocks have experienced a greater degree of volatility.