View source for Russell Microcap Index

The '''Russell Microcap Index''' measures the performance of the microcap segment of the U.S. equity market. It makes up less than 3% of the U.S. equity market. It includes 1,000 of the smallest securities in the [[Russell 2000 Index]] based on a combination of their market cap and current index membership and it also includes up to the next 1,000 stocks. {{as of|2016|12|31}}, the weighted average [[market capitalization]] for a company in the index was $535 million; the median market cap was $228 million. The market cap of the largest company in the index was $3.6 billion.

The index, which was launched on June 1, 2005, is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group. Its [[ticker symbol]] is ^RUMIC.

==Records==
In February 2021, during the [[everything bubble]], a record 14 members of the index exceeded the market capitalization of the smallest member of the [[S&P 500 Index]].<ref>{{cite news | newspaper=Wall Street Journal | date=18 February 2012 | accessdate=20 February 2021 | title=Tiny-Company Boom Makes Markets Look Silly | url=https://www.wsj.com/articles/tiny-company-boom-makes-markets-look-silly-11613666534 | first=James | last=Mackintosh}}</ref>

==Investing==
The Russell Microcap Index is tracked by the [[iShares]] Micro-Cap [[Exchange-traded fund|ETF]] ({{NYSE Arca|IWC}}).<ref>[http://us.ishares.com/product_info/fund/overview/IWC.htm iShares Russell Microcap(R) Index Fund (IWC): Overview - iShares]</ref>

==Top 10 holdings==
*[[Mercury Systems]] ({{NASDAQ|MRCY}})
*[[Centerstate Banks]] ({{NASDAQ|CSFL}})
*[[Lakeland Financial]] ({{NASDAQ|LKFN}})
*[[Merit Medical Systems]] ({{NASDAQ|MMSI}})
*[[Team Inc]] ({{NYSE|TISI}})
*[[Patrick Industries]] ({{NASDAQ|PATK}})
*Synergy Pharmaceuticals ({{NASDAQ|SGYP}})
*[[Hanmi Bank|Hanmi Financial]] ({{NYSE|HAFC}})
*[[Aerie Pharmaceuticals]] ({{NASDAQ|AERI}})
*[[Stewart Information Services Corporation|Stewart Information Services]] ({{NYSE|STC}})
<small>(as of December 31, 2016)</small><ref>{{cite web|url=http://www.ftse.com/Analytics/FactSheets/temp/aa49d88e-99ff-48a1-b55a-330875911310.pdf |title=Russell Microcap Index factsheet}}</ref>

==Top sectors by weight==
*Financial Services
*Health Care
*Consumer Discretionary
*Technology
*Producer Durables

==See also==
*[[Russell Investments]]
*[[Russell 2000 Index]]
*[[Russell 1000 Index]]

==References==

<references />

==External links==
*[https://www.ftse.com/Analytics/FactSheets/Home/DownloadSingleIssue?issueName=US5003USD&IsManual=True FTSE Russell Index Fact Sheet]
*[http://www.ftse.com/products/indices/russell-us FTSE Russell Indexes]
*[http://91.235.121.52/ FTSE Russell Investment Group]
*[http://www.ftse.com/products/downloads/Russell-US-indexes.pdf?704&_ga=2.164919103.1290268024.1498072168-507163500.1498072168 Index Construction and Methodology]
*[https://finance.yahoo.com/q?s=^RUMIC Yahoo! Finance page for ^RUMIC]

[[Category:American stock market indices]]
[[Category:Financial services companies established in 1981]]
[[Category:1981 establishments in the United States]]