Our Market Cap indexes also had a strong first quarter, with the Mid Cap index leading the way. This index, which selects companies with a market capitalization between $1 billion and $10 billion, gained 8.84% in the period compared to 8.70% for the S&P 400 (mid cap) index. Our small cap index didn’t do as well against its benchmark, the S&P 600 (small cap), returning only 6.60% vs. 8.32%. Finally, our MG Large Cap index gained 4.46% during the first quarter compared to 4.87% for the S&P 500 index. MG Large Cap is up 49.82% in the last 52 weeks compared to 46.57% for the benchmark. For more information please visit our Market Cap Indexes section.
China Evergrande Saga Offers Beijing a Golden Opportunity to Show It Has a Plan to Deleverage and Rebalance its Economy
China’s government has been talking about deleveraging its economy to reduce systemic financial risks since at least 2015. The policies it has implemented to curb the country’s debt levels, however,