The Merits of the Middle: The Case of U.S. Mid Cap Equities
Do a search on Google for the term “middle” and the popular search engine spits out 689,000,000 results in 0.54 seconds. The same query on the other popular search engine Bing yields just 288 million results in 0.20 seconds. Yahoo’s first listing is an ad banner for the ABC sitcom “The Middle”. A search on the popular Morningstar site yields a more reasonable 12,100 results with one of the first being a link to the SPDR S&P 400 Mid Cap ETF. Ask institutional investors to define mid cap stocks and the reasons for investing in the asset class and one is likely to get similarly disparate and varied answers.
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