5 mid cap value stocks

Financial journalist and commentator on 3AW and Sky Business
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Performance at the top of the stock market is not uniform. If we look at the market’s elite – the S&P/ASX 100 – there is a startling performance gap between the top half (the S&P/ASX 50, the 50 largest Australian-listed companies by market capitalisation), and the bottom half, those companies that are ranked 51 to 100 in terms of market capitalisation (this group has its own index, the S&P/ASX MidCap 50 index.)

In the 12 months to the end of May, according to S&P Dow Jones Indices, the S&P/ASX 50 large-caps have generated a return of 13.6%, powered by the mega-caps (the S&P/ASX 20), which have gained 14.2%.

But the S&P/ASX MidCap 50 have lagged this performance badly – they are up just 3.3% collectively, in the year to the end of May.

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