Introduced in 1994, S&P SmallCap 600 is fast becoming the preferred small cap index in the U.S. Measuring a segment of the market that is typically renowned for poor trading liquidity and financial instability, S&P SmallCap 600 is designed to be an efficient portfolio of companies that meet specific inclusion criteria to ensure that they are investable and financially viable. As a result, the S&P SmallCap 600 is gaining wide acceptance as the benchmark of choice for both active and passive management. S&P SmallCap 600 is a core component of the U.S. indices that could be used as building blocks for portfolio construction.
Index constituents exhibit the following characteristics:
Market Coverage –3%-4% of the U.S. equities market
Weighting – Market capitalization
Market Capitalization – US$ 300 million to US$ 2 billion
Public Float – At least 50%
Reconstitution – As needed basis
Index Governance and Policy
This index is maintained by the S&P Index Committee, whose members include Standard & Poor's economists and index analysts. It follows a set of published guidelines and policies that provide the transparent methodologies used to maintain the index.
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