Market On Rise: 5 Small Cap ETFs Leading The Way
Zacks Investment Research | Jun 02, 2016 10:10PM ET
The U.S. stock market has shown some strength in recent weeks, especially following the Fed’s hawkish comments and a spate of positive economic indicators. While the S&P 500 touched new 2016 highs, small caps as represented by the Russell 2000 are leading the current rally. Though the regained momentum in the U.S. economy spread a strong air of optimism in the small cap space, Brexit fears, the Fed policy, a strong dollar and slow growth in many corners of the world continue to keep many investors away from large cap stocks.
This is especially true given that the ultra-popular small cap ETF MLPJ
This product targets the small cap MLP segment of the energy market. It tracks the performance of the Solactive Junior MLP Composite Index and holds 31 stocks with moderate concentration across components as each holds less than 8.8% of assets. It charges 0.75% in fees per year and trades in paltry average daily volume of less than 8,000 shares. With AUM of 6.4 million, MLPJ gained 7.8% over the past one month (read: Zacks Investment Research
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