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
| Industrials | Diversified Industrial Goods Wholesale | 47Cr | -19.84% | ||
| Technology | Enterprise Software | 24Cr | -9.34% | ||
| Technology | Other Software | 81Cr | -11.66% | ||
| Industrials | Locomotive Engines & Rolling Stock | 26Cr | -26.92% | ||
| Technology | Other Internet Services | 39Cr | +84.48% | ||
| Energy | Other Oil & Gas Exploration and Production | 3.37Cr | +3.70% | ||
| Technology | Application Software | 72Cr | -32.53% | ||
| Financials | Investment Management | 58Cr | +59.39% | ||
| Energy | Oil Exploration & Production - Offshore | 94Cr | +55.13% | ||
| Basic Materials | Gold Mining | 35Cr | -28.60% | ||
| Technology | Other Integrated Telecommunications Services | 57Cr | +69.65% | ||
| Technology | Other Software | 25Cr | -33.62% | ||
| Energy | Oil Related Services | 45Cr | +55.16% | ||
| Technology | Other Software | 54Cr | -19.10% | ||
| Industrials | Other Business Support Services | 31Cr | -32.48% | ||
| Healthcare | Specialty & Advanced Pharmaceuticals | 74Cr | +34.49% | ||
| Consumer Cyclical | Digital Media Agencies | 65Cr | -28.98% | ||
| Technology | Other Internet Services | 77Cr | +3.24% | ||
| Basic Materials | Gold Mining | 52Cr | -11.81% | ||
| Industrials | Security Services | 68.79L | -67.24% | ||
| Financials | Other Consumer Lending | 60Cr | -33.58% | ||
| Technology | Other Software | 71Cr | +6.25% | ||
| Consumer Cyclical | Cafés | 17Cr | -64.49% | ||
| Consumer Cyclical | Other Advertising & Marketing | 55Cr | +54.13% | ||
| Financials | Insurance Brokers | 43Cr | -37.11% | ||
| Energy | Other Oil & Gas Exploration and Production | 19Cr | +38.26% | ||
| Energy | Oil Related Services | 84Cr | +9.02% | ||
| Financials | Other Investment Management & Fund Operators | 67Cr | -35.27% | ||
| Services académiques et éducatifs | Miscellaneous Educational Service Providers | 40Cr | -28.23% | ||
| Industrials | Other Construction & Engineering | 88Cr | -4.01% | ||
| Industrials | Other Aerospace & Defense | 43Cr | +101.30% | ||
| Industrials | Other Construction & Engineering | 54Cr | +31.29% | ||
| Energy | Other Oil & Gas Exploration and Production | 4.58Cr | +30.43% | ||
| Energy | Other Oil & Gas Exploration and Production | 31Cr | +32.47% | ||
| Consumer Cyclical | Other Apparel & Accessories | 95Cr | -22.93% | ||
| Technology | Other Software | 20Cr | +6.08% | ||
| Industrials | Other Marine Freight & Logistics | 49Cr | +7.99% | ||
| Technology | Security Software | 40Cr | -21.11% | ||
| Energy | Natural Gas Exploration & Production - Onshore | 26Cr | +40.92% | ||
| Industrials | Deep Sea Freight | 51Cr | +35.11% | ||
| Utilities | Biomass & Waste to Energy Electric Utilities | 24Cr | +3.29% | ||
| Industrials | Deep Sea Freight | 33Cr | +65.66% | ||
| Energy | Oil Exploration & Production - Onshore | 49Cr | +20.00% | ||
| Healthcare | Bio Therapeutic Drugs | 92Cr | +7.20% | ||
| Technology | Other IT Services & Consulting | 2.76Cr | -38.81% | ||
| Technology | Social Media & Networking | 91Cr | +9.50% | ||
| Technology | Other Software | 41Cr | -20.64% | ||
| Technology | Broadcasting Equipment | 89Cr | +18.86% | ||
| Energy | Other Oil & Gas Drilling | 17Cr | +21.64% | ||
| Energy | Stationary Fuel Cells | 89Cr | +25.43% | ||
| Healthcare | Bio Therapeutic Drugs | 55Cr | -22.02% | ||
| Basic Materials | Other Precious Metals & Minerals | 30Cr | -8.76% | ||
| Industrials | Financial Information Providers | 37Cr | +102.58% | ||
| Industrials | Transaction & Payment Services | 50Cr | +72.52% | ||
| Financials | Other Investment Management & Fund Operators | 48Cr | -11.86% | ||
| Energy | Other Renewable Fuels | 39Cr | +263.06% | ||
| Industrials | Other Business Support Services | 43Cr | +31.47% | ||
| Energy | Oil Exploration & Production - Onshore | 70Cr | +47.68% | ||
| Industrials | Other Business Support Services | 53Cr | -50.93% | ||
| Industrials | Aerospace & Defense Electronics | 34Cr | +0.16% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 34Cr | +36.42% | ||
| Healthcare | Other Pharmaceuticals | 26Cr | -44.60% | ||
| Financials | Other Consumer Lending | 69Cr | -1.08% | ||
| Financials | Other Banks | 81Cr | +63.46% | ||
| Technology | Other Software | 66Cr | -41.08% | ||
| Technology | Other Software | 21Cr | -29.79% | ||
| Financials | Other Banks | 61Cr | +17.63% | ||
| Energy | Sea-Borne Tankers | 66Cr | +52.12% | ||
| Healthcare | Bio Therapeutic Drugs | 30Cr | -4.63% | ||
| Energy | Other Oil Related Services and Equipment | 73Cr | +10.51% | ||
| Healthcare | Other Pharmaceuticals | 30Cr | +8.83% | ||
| Healthcare | Other Medical Equipment, Supplies & Distribution | 31Cr | -9.55% | ||
| Financials | Commercial Banks | 74Cr | +20.67% | ||
| Financials | Other Banks | 30Cr | +7.66% | ||
| Healthcare | Specialty & Advanced Pharmaceuticals | 64Cr | +15.58% | ||
| Financials | Private Equity | 81Cr | +21.72% | ||
| Financials | Other Banks | 83Cr | +30.35% | ||
| Technology | Enterprise Software | 63Cr | -21.32% | ||
| Technology | Other Software | 38Cr | -29.50% | ||
| Consumer Cyclical | Copyright Management | 55Cr | +20.03% | ||
| Healthcare | Other Biotechnology & Medical Research | 33Cr | -30.36% | ||
| Healthcare | Other Biotechnology & Medical Research | 34Cr | +9.09% | ||
| Technology | Other Internet Services | 66Cr | -5.37% | ||
| Technology | Other IT Services & Consulting | 12Cr | +110.80% | ||
| Technology | Other Software | 7.76Cr | -45.21% | ||
| Technology | Other Software | 38Cr | +16.94% | ||
| Real Estate | Industrial REITs | 42Cr | +4.94% | ||
| Energy | Integrated Oil & Gas | 50Cr | +23.32% | ||
| Technology | Security Software | 57Cr | +18.46% | ||
| Real Estate | Mortgage REITs | 80Cr | +20.96% | ||
| Financials | Other Banks | 29Cr | +13.47% | ||
| Technology | Mobile Application Software | 83Cr | +67.58% | ||
| Financials | Retail & Mortgage Banks | 75Cr | +10.54% | ||
| Healthcare | Telemedicine Services | 87Cr | +43.66% | ||
| Healthcare | Medical Equipment | 64Cr | -5.31% | ||
| Basic Materials | Mining Support Activities | 17Cr | +1.25% | ||
| Consumer Cyclical | Furniture | 26Cr | +17.02% | ||
| Real Estate | Mortgage REITs | 11Cr | -14.10% | ||
| Consumer Cyclical | Sporting & Outdoor Goods | 69Cr | -7.72% | ||
| Industrials | Other Business Support Services | 65Cr | +41.30% | ||
News of the components
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