Quotes of the American companies at record values. Some hedzhfondovye managers without seeking to invest in "blue chips", but try to buy small companies that, in their opinion, are undervalued - by AMarkets materials.
It is believed that small companies are more risky as investing money because they are rarely bought and sold by investors. However, some players believe that small assets - just what we need on the background of a situation where large companies are forced to fight for the tightening measures of profit to the desired value. High-quality small companies - a potential object for M & A on the part of large corporations.
Mergers and acquisitions, as usual, raise the market value of the asset is absorbed. It is expected that the profit TOP index of wide market companies fell by an average of 2% in the second quarter (Reuters). The forecast drawdown for the 3rd quarter - by 1%. At the same time, the index of small companies Russell 2000 index capitalization increased by approximately 11.5% over the past 6 months.
During the six months are very small companies (microcaps) bypassed by market dynamics and "Krupnyakov» (large caps), and small companies (small-caps), earning 12.6%. This is 5.5% more than did S & P 500 in the same period.