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 | Other Software | 804M | -9.94% | ||
| Industrials | Locomotive Engines & Rolling Stock | 261M | -28.00% | ||
| Energy | Other Oil & Gas Exploration and Production | 32.6M | -3.70% | ||
| Technology | Other Internet Services | 378M | +84.48% | ||
| Technology | Application Software | 800M | -20.90% | ||
| Financials | Investment Management | 621M | +77.71% | ||
| Basic Materials | Gold Mining | 364M | -27.89% | ||
| Industrials | Diversified Industrial Goods Wholesale | 459M | -21.47% | ||
| Technology | Other Integrated Telecommunications Services | 589M | +82.78% | ||
| Energy | Oil Related Services | 432M | +43.88% | ||
| Industrials | Other Construction & Engineering | 833M | -10.21% | ||
| Technology | Other Software | 261M | -23.30% | ||
| Healthcare | Specialty & Advanced Pharmaceuticals | 570M | +7.59% | ||
| Technology | Other Software | 522M | -13.57% | ||
| Energy | Oil Exploration & Production - Offshore | 912M | +47.07% | ||
| Industrials | Other Business Support Services | 313M | -29.47% | ||
| Consumer Cyclical | Cafés | 172M | -64.18% | ||
| Consumer Cyclical | Digital Media Agencies | 682M | -22.70% | ||
| Technology | Other Internet Services | 717M | +4.56% | ||
| Basic Materials | Gold Mining | 485M | -19.69% | ||
| Energy | Stationary Fuel Cells | 837M | +11.14% | ||
| Financials | Other Consumer Lending | 592M | -33.58% | ||
| Technology | Other Software | 745M | +16.22% | ||
| Energy | Oil Exploration & Production - Onshore | 474M | +12.94% | ||
| Consumer Cyclical | Other Advertising & Marketing | 584M | +61.47% | ||
| Financials | Insurance Brokers | 410M | -40.00% | ||
| Energy | Oil Related Services | 825M | +5.28% | ||
| Technology | Other IT Services & Consulting | 298M | -46.62% | ||
| Financials | Other Investment Management & Fund Operators | 684M | -33.42% | ||
| Industrials | Other Aerospace & Defense | 421M | +102.86% | ||
| Industrials | Other Construction & Engineering | 388M | -3.72% | ||
| Energy | Other Oil & Gas Exploration and Production | 44.51M | +23.91% | ||
| Energy | Other Oil & Gas Exploration and Production | 309M | +22.08% | ||
| Consumer Cyclical | Other Apparel & Accessories | 899M | -27.09% | ||
| Technology | Other Software | 197M | +6.63% | ||
| Technology | Security Software | 367M | -23.60% | ||
| Technology | Other IT Services & Consulting | 27.75M | -39.55% | ||
| Energy | Natural Gas Exploration & Production - Onshore | 255M | +37.91% | ||
| Industrials | Deep Sea Freight | 560M | +45.40% | ||
| Utilities | Biomass & Waste to Energy Electric Utilities | 260M | +9.58% | ||
| Industrials | Deep Sea Freight | 386M | +93.07% | ||
| Technology | Social Media & Networking | 858M | +7.14% | ||
| Technology | Other Software | 414M | -19.16% | ||
| Technology | Broadcasting Equipment | 872M | +16.76% | ||
| Healthcare | Bio Therapeutic Drugs | 278M | -12.22% | ||
| Energy | Other Oil & Gas Drilling | 165M | +20.04% | ||
| Basic Materials | Other Precious Metals & Minerals | 305M | -6.34% | ||
| Industrials | Financial Information Providers | 372M | +102.58% | ||
| Industrials | Transaction & Payment Services | 512M | +77.86% | ||
| Technology | Enterprise Software | 229M | -5.15% | ||
| Financials | Other Investment Management & Fund Operators | 481M | -12.06% | ||
| Real Estate | Retail REITs | 358M | +21.41% | ||
| Industrials | Other Marine Freight & Logistics | 493M | +9.59% | ||
| Industrials | Other Business Support Services | 430M | +33.04% | ||
| Energy | Other Renewable Fuels | 424M | +283.06% | ||
| Energy | Oil Exploration & Production - Onshore | 709M | +43.62% | ||
| Industrials | Other Business Support Services | 542M | -49.83% | ||
| Healthcare | Other Advanced Medical Equipment & Technology | 333M | +38.29% | ||
| Healthcare | Other Pharmaceuticals | 233M | -46.81% | ||
| Financials | Other Consumer Lending | 689M | -1.68% | ||
| Industrials | Aerospace & Defense Electronics | 312M | -7.81% | ||
| Financials | Other Banks | 321M | +15.04% | ||
| Energy | Other Oil Related Services and Equipment | 696M | +4.75% | ||
| Technology | Other Software | 656M | -37.29% | ||
| Energy | Other Oil Related Services and Equipment | 881M | -0.67% | ||
| Financials | Other Banks | 806M | +65.24% | ||
| Technology | Other Software | 213M | -26.63% | ||
| Healthcare | Other Pharmaceuticals | 299M | +9.30% | ||
| Energy | Sea-Borne Tankers | 704M | +62.70% | ||
| Healthcare | Specialty & Advanced Pharmaceuticals | 614M | +10.68% | ||
| Financials | Other Banks | 572M | +16.94% | ||
| Financials | Other Banks | 900M | +42.34% | ||
| Financials | Private Equity | 807M | +20.55% | ||
| Technology | Other Software | 361M | -31.16% | ||
| Healthcare | Other Biotechnology & Medical Research | 324M | -31.25% | ||
| Financials | Commercial Banks | 682M | +12.22% | ||
| Technology | Enterprise Software | 656M | -16.94% | ||
| Financials | Commercial Banks | 411M | +11.64% | ||
| Consumer Non-Cyclical | Other Drug Retailers | 62.12M | +9.89% | ||
| Consumer Cyclical | Copyright Management | 624M | +24.73% | ||
| Healthcare | Other Biotechnology & Medical Research | 341M | +8.73% | ||
| Energy | Other Oil & Gas Drilling | 971M | +8.34% | ||
| Technology | Other Internet Services | 664M | -2.62% | ||
| Technology | Other Software | 373M | +15.50% | ||
| Real Estate | Industrial REITs | 422M | +3.80% | ||
| Technology | Other Software | 74.52M | -44.91% | ||
| Financials | Other Banks | 526M | +47.77% | ||
| Energy | Integrated Oil & Gas | 483M | +19.92% | ||
| Real Estate | Mortgage REITs | 804M | +22.47% | ||
| Healthcare | Telemedicine Services | 873M | +43.53% | ||
| Basic Materials | Mining Support Activities | 161M | -4.17% | ||
| Technology | Mobile Application Software | 771M | +61.80% | ||
| Financials | Retail & Mortgage Banks | 787M | +17.40% | ||
| Technology | Security Software | 571M | +20.02% | ||
| Healthcare | Other Biotechnology & Medical Research | 549M | +91.12% | ||
| Healthcare | Medical Equipment | 636M | -2.76% | ||
| Consumer Cyclical | Furniture | 236M | +9.42% | ||
| Real Estate | Mortgage REITs | 108M | -15.06% | ||
| Industrials | Other Business Support Services | 662M | +45.37% | ||
| Healthcare | Other Medical Equipment, Supplies & Distribution | 227M | -3.14% | ||
News of the components
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