The TSP offers several different investment funds: Government Securities Investment ("G" Fund); Fixed Income Index Investment ("F" Fund); Common Stock Index Investment ("C" Fund); Small Capitalization Stock
Index Investment ("S" Fund), and International Stock Index Investment ("I" Fund).
However, when considered jointly (Model 4), the coefficients for broad-based stock returns (VWR) and bond returns (BR) are still negative, while the coefficient for small capitalization stock
returns (SCR) is positive.
Panel A of Table 4, representing large capitalization stocks, shows t-statistics of market capitalization differences (from the beginning to the end of the reference periods) predominately significant in relation to the t-statistics in Panel B representing small capitalization stocks
DXJS is designed to provide exposure to small capitalization stocks
within Japanese equity markets while hedging exposure to the yen.
* Small capitalization stocks
outperform big capitalization stocks;
When the investors expect that the economy will expand rapidly, the small capitalization stocks
will have, on average, better returns than large capitalization stocks.
The data examined in this study consist of monthly rates of return over the period of January 1969 through December 1995 on two stock indices from the London Stock Exchange: (1) Financial Times Actuaries-All Share Stock Index (FTA), representing large capitalization stocks in the UK, and (2) Smaller Companies Stock Index (UKSM), as an index of small capitalization stocks
. From January 1969 through March 1986, monthly returns on the UKSM are represented by rates of return on the Hoare Govett Smaller Company Stock Index compiled by the London School of Business.
Mutual funds holding small capitalization stocks
(companies valued between 50 million and $1 billion) peaked in 1983 and then stayed in the doldrums for eight years.
Small capitalization stocks
, among which are many drug chains, surged during the first half.
In what should be good news for investors in chain drug stocks, which tend to be classified as small growth companies, investment analysts feel that many large institutional investors are beginning to buy small capitalization stocks
with superior prospects for the first time in a number of years.