The small and mid-cap stock
space is particularly interesting for investors as, within, investors can find robust, well managed companies with strong business models and cash generation which grow organically year on year by fine tuning strong existing businesses.
AFTER a stellar 2013, US small and mid-cap stock
performance has lagged this year.
(Bielefeld, Germany), one of the world's top three machine-tool builders, joined the mid-cap stock
index MDAX, and the company management was riding high.
The S&P small- and mid-cap stock
indexes yield only about 1 percent."
BARRA noted that a typical small-cap or mid-cap stock
fund with $500 million in assets and an annual turnover rate of between 80% and 100% could lose 3% to 5% annually to market-impact costs--far more than the annual expenses of most funds.
Less than 3% of large-cap and mid-cap stock
funds that placed in the top quartile of rankings as of September occupied that ranking two years later, according to the S&P scorecard.
On the upside, water utilities Kelda Group and Severn Trent rose 31.5p and 27p to 882.5p and 1362p respectively on merger and acquisition hopes as mid-cap stock
Anglian Water Group said it had received new bid approaches after agreeing a pounds 2.2bn offer from Osprey.
EMI closed 8% higher after it confirmed market rumours that it was involved in a takeover tug-of-war with Warner Music Group.
As well as PartyGaming, which fell 3.5p to 81.75p, second-tier company 888 Holdings eased 4p to 164.5p and mid-cap stock
Sportingbet fell 5.5p to 176.5p - a drop of 3% after diving 35% yesterday.
House-builder Persimmon gained 43p to 1314p with the sector buoyant after results from mid-cap stock