Small-cap ETFs were shunned in 2014 for lackluster performance that lagged far behind their large-cap peers. Nevertheless, funds that track small-cap stocks are shaking off that weakness this year and attempting to restore faith in a forgotten growth story.
iShares Russell 2000 Index
The iShares Russell 2000 Index (ETF) (NYSE: IWM) is the most well-known and broad-based index of smaller companies with market capitalizations less than $2 billion. This exchange-traded fund just recently hit new all-time highs as investors gravitate away from larger companies.
One reason for this strength may be the attractiveness of smaller publicly-traded stocks that have less exposure to global currency fluctuations than large multi-national entities.
When the small-cap segment is broken down into growth and value characteristics, there ...
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