Mid-Caps – The Hidden Champions?

Analyzing the In-Betweener Stocks

Nicolas Rabener
10 min read
14 Jun 2021

SUMMARY

  • Mid-cap stocks are less popular than small or large caps
  • In the US, they only outperformed in one out of 10 decades
  • Globally, they have done better, creating a conundrum for investors

INTRODUCTION

A few weeks ago, David Stevenson, a well-known journalist and entrepreneur, asked me about my view on mid-cap stocks. To my own surprise, I had no view. Although I’ve published more than 150 research notes on factor investing, quant strategies, and similar topics, there was not a single one amongst these that focused on mid-caps. 

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