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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==
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*[[Team Inc]] ({{NYSE|TISI}})
*[[Patrick Industries]] ({{NASDAQ|PATK}})
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*[[Hanmi Bank|Hanmi Financial]] ({{NYSE|HAFC}})
*[[Aerie Pharmaceuticals]] ({{NASDAQ|AERI}})
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[[Category:American stock market indices]]
[[Category:Financial services companies established in 1981]]
[[Category:1981 establishments in the United States]]
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