Investment Themes
The size of the company, in the stock market sense of the term, refers to the market capitalization of the listed company, i.e. its market value. It is obtained by multiplying the total number of shares comprising the share capital by their price.
The size of a company is an investment factor, along with growth, value, volatility, quality or momentum. In investment terms, a factor is a characteristic that helps explain the long-term risk and return of an asset. Small-caps have historically demonstrated higher returns than the market over the long term - especially large-caps - but also have higher volatility.
Size is considered a pro-cyclical factor, meaning that it has tended to benefit from periods of economic expansion. Small caps tend to outperform in bull markets and underperform in bear markets.
The investment style list below is designed to identify small-caps with a market capitalization of less than $1 billion that have the best fundamentals in their respective markets.
Several geographic regions are proposed. The global list includes companies listed in the world's major financial centers. The other lists are regional: North America (United States, Canada), Europe, Asia (Japan, Australia, Singapore, Hong Kong), Emerging Markets, United Kingdom, France, Germany, Switzerland, Netherlands and Italy.
Our selection
| Technology | Enterprise Software | 28Cr | +9.55% | ||
| Technology | Other Software | 75Cr | -37.00% | ||
| Technology | Other Internet Services | 38Cr | +80.34% | ||
| Technology | Other IT Services & Consulting | 26Cr | -53.01% | ||
| Industrials | Locomotive Engines & Rolling Stock | 26Cr | -30.44% | ||
| Technology | Other Internet Services | 72Cr | +1.24% | ||
| Technology | Application Software | 92Cr | -9.46% | ||
| Financials | Investment Management | 66Cr | +86.93% | ||
| Industrials | Diversified Industrial Goods Wholesale | 45Cr | -20.38% | ||
| Financials | Investment Management | 60Cr | -14.24% | ||
| Technology | Other Integrated Telecommunications Services | 59Cr | +79.28% | ||
| Energy | Oil Related Services | 50Cr | +74.82% | ||
| Basic Materials | Gold Mining | 44Cr | -12.46% | ||
| Consumer Cyclical | Cafés | 16Cr | -68.94% | ||
| Technology | Integrated Hardware & Software | 30Cr | -15.88% | ||
| Technology | Other Internet Services | 97Cr | -45.22% | ||
| Energy | Other Oil & Gas Exploration and Production | 3.91Cr | +11.11% | ||
| Technology | Other Software | 43Cr | -33.73% | ||
| Industrials | Other Business Support Services | 32Cr | -25.75% | ||
| Industrials | Other Construction & Engineering | 55Cr | -40.40% | ||
| Technology | Other Software | 61Cr | -12.11% | ||
| Healthcare | Specialty & Advanced Pharmaceuticals | 68Cr | +26.56% | ||
| Technology | Other Software | 67Cr | +4.52% | ||
| Basic Materials | Gold Mining | 54Cr | -15.75% | ||
| Consumer Cyclical | Other Advertising & Marketing | 60Cr | +64.37% | ||
| Financials | Other Consumer Lending | 63Cr | -27.82% | ||
| Industrials | Other Environmental Services & Equipment | 30Cr | 0.00% | ||
| Energy | Stationary Fuel Cells | 77Cr | +4.00% | ||
| Consumer Cyclical | Digital Media Agencies | 86Cr | -4.44% | ||
| Financials | Insurance Brokers | 36Cr | -47.37% | ||
| Energy | Oil Related Services | 93Cr | +24.12% | ||
| Energy | Oil Exploration & Production - Onshore | 50Cr | +15.29% | ||
| Industrials | Other Aerospace & Defense | 45Cr | +115.41% | ||
| Energy | Other Oil & Gas Exploration and Production | 32Cr | +27.27% | ||
| Industrials | Freight Trucking | 91Cr | +30.68% | ||
| Energy | Other Oil & Gas Exploration and Production | 4.63Cr | +28.26% | ||
| Consumer Cyclical | Other Apparel & Accessories | 85Cr | -31.65% | ||
| Industrials | Other Business Support Services | 65Cr | -41.48% | ||
| Industrials | Diversified Industrial Goods Wholesale | 17Cr | +9.40% | ||
| Technology | Other IT Services & Consulting | 2.69Cr | -42.54% | ||
| Energy | Natural Gas Exploration & Production - Onshore | 26Cr | +40.63% | ||
| Industrials | Deep Sea Freight | 35Cr | +72.48% | ||
| Industrials | Deep Sea Freight | 53Cr | +31.90% | ||
| Consumer Cyclical | Gaming Machine Operators | 98Cr | +7.36% | ||
| Utilities | Biomass & Waste to Energy Electric Utilities | 24Cr | +8.38% | ||
| Industrials | Transaction & Payment Services | 71Cr | +145.24% | ||
| Technology | Other Software | 81Cr | +98.99% | ||
| Technology | Security Software | 37Cr | -18.41% | ||
| Technology | Broadcasting Equipment | 90Cr | +20.30% | ||
| Technology | Other Software | 47Cr | -10.81% | ||
| Industrials | Construction Machinery | 99Cr | -0.88% | ||
| Energy | Other Oil & Gas Drilling | 17Cr | +27.25% | ||
| Basic Materials | Other Precious Metals & Minerals | 36Cr | +9.52% | ||
| Real Estate | Retail REITs | 34Cr | +17.28% | ||
| Industrials | Other Construction & Engineering | 40Cr | -1.71% | ||
| Energy | Oil Exploration & Production - Onshore | 73Cr | +53.62% | ||
| Industrials | Other Business Support Services | 43Cr | +32.44% | ||
| Energy | Other Renewable Fuels | 41Cr | +295.06% | ||
| Industrials | Other Marine Freight & Logistics | 48Cr | +0.44% | ||
| Industrials | Deep Sea Freight | 10Cr | +199.28% | ||
| Healthcare | Other Pharmaceuticals | 21Cr | -52.86% | ||
| Energy | Other Oil Related Services and Equipment | 70Cr | +6.67% | ||
| Financials | Other Consumer Lending | 74Cr | +8.66% | ||
| Industrials | Aerospace & Defense Electronics | 35Cr | +5.60% | ||
| Financials | Other Banks | 32Cr | +13.79% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 35Cr | +45.57% | ||
| Real Estate | Mortgage REITs | 88Cr | +40.14% | ||
| Technology | Other Software | 21Cr | -28.16% | ||
| Healthcare | Other Pharmaceuticals | 32Cr | +19.19% | ||
| Healthcare | Specialty & Advanced Pharmaceuticals | 67Cr | +27.60% | ||
| Financials | Private Equity | 84Cr | +25.85% | ||
| Energy | Other Oil Related Services and Equipment | 94Cr | +5.05% | ||
| Financials | Other Banks | 88Cr | +40.42% | ||
| Energy | Sea-Borne Tankers | 67Cr | +53.07% | ||
| Financials | Other Banks | 31Cr | +39.20% | ||
| Healthcare | Bio Therapeutic Drugs | 37Cr | +22.04% | ||
| Technology | Other Software | 37Cr | -31.09% | ||
| Financials | Other Banks | 79Cr | +63.27% | ||
| Healthcare | Other Biotechnology & Medical Research | 73Cr | +142.11% | ||
| Technology | Enterprise Software | 69Cr | -14.44% | ||
| Financials | Other Banks | 60Cr | +23.84% | ||
| Consumer Non-Cyclical | Other Drug Retailers | 6.25Cr | +9.89% | ||
| Financials | Commercial Banks | 41Cr | +13.32% | ||
| Healthcare | Other Biotechnology & Medical Research | 34Cr | +15.64% | ||
| Consumer Cyclical | Copyright Management | 61Cr | +22.85% | ||
| Financials | Other Banks | 27Cr | +10.94% | ||
| Technology | Other Internet Services | 65Cr | -2.79% | ||
| Healthcare | Other Medical Equipment, Supplies & Distribution | 24Cr | +6.22% | ||
| Consumer Cyclical | Other Hotels, Motels & Cruise Lines | 63Cr | +21.65% | ||
| Real Estate | Industrial REITs | 40Cr | -0.25% | ||
| Energy | Other Oil & Gas Exploration and Production | 71Cr | +130.04% | ||
| Technology | Other Software | 40Cr | +23.78% | ||
| Financials | Other Banks | 52Cr | +48.38% | ||
| Technology | Other Software | 7.61Cr | -43.56% | ||
| Real Estate | Other Commercial REITs | 80Cr | +17.16% | ||
| Healthcare | Telemedicine Services | 87Cr | +44.35% | ||
| Consumer Cyclical | Furniture | 25Cr | +19.32% | ||
| Healthcare | Other Biotechnology & Medical Research | 20Cr | -18.58% | ||
| Healthcare | Medical Equipment | 66Cr | -16.72% | ||
| Healthcare | Other Pharmaceuticals | 11Cr | +82.13% | ||
News of the components
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