FNX - MDY: A Bet On The Return Of Mid-Caps

2024-04-19 22:38:37 ET

Summary

• SPDR S&P MidCap 400 ETF Trust is an ETF that invests in 400 mid-sized US companies.
• MDY was one of the first ETFs in 1995 and has amassed $21.3 billion in assets under management.
• While mid-cap stocks have historically outperformed large-cap stocks, this trend has reversed in the past 5 years.
• If interest rates drop in the future, mid-cap stocks could potentially rebound and outperform their large-cap peers.

Overview

SPDR S&P MidCap 400 ETF Trust ( MDY ) is an exchange-traded fund launched and managed by State Street Global Advisors that invests in public equity markets of the United States. The fund offers access to 400 mid-sized companies from the USA operating in different sectors. Mid-cap stocks are defined as having a market capitalization between $2 and $10 billion USD. Stocks selected for the fund may include both growth and value stocks....

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