Russell Microcap Index
The Russell Microcap Index measures the performance of the microcap segment of the U.S. equity market. It makes up less than 3% of the U.S. equity market. It includes 1,000 of the smallest securities in the Russell 2000 Index based on a combination of their market cap and current index membership and it also includes the next 1,000 stocks. The index was launched on June 1, 2005.
Investing
The Russell Microcap Index is tracked by the iShares ETF (NYSE Arca: IWC).[1]
Top 10 holdings
- AVANIR Pharmaceuticals Inc (Nasdaq: AVNR)
- RECEPTOS INC (Nasdaq: RCPT)
- Tri Pointe Homes Inc (NYSE: TPH)
- Ambarella Inc (Nasdaq: AMBA)
- Consolidated Communications Holdings Inc (Nasdaq: CNSL)
- Achillion Pharmaceuticals Inc (Nasdaq: ACHN)
- Taser International Inc (Nasdaq: TASR)
- Ellie Mae Inc (NYSE: ELLI)
- Anacor Pharmaceuticals Inc (Nasdaq: ANAC)
- Natus Medical Inc (Nasdaq: BABY)
(as of December 2014)[2]
Top sectors by weight
- Financial Services
- Health Care
- Consumer Discretionary
- Technology
- Producer Durables