Small-cap stocks dramatically outperforming heavyweights

The pandemic brought the NZX's bull market run to a halt.

Thu, 03 Jun 2021

It has been a rough year for returns on New Zealand’s benchmark equity index, which is down 5.6% as it nurses a hangover from a wild 2020, but analysts say the market isn’t doing as bad as it looks.While the S&P/NZX 50 Index has given up all of its summer gains as the largest stocks fell, smaller listed companies continued to rally with the improving economy.The S&P/NZX SmallCap Index is up 5.7% so far this year and the S&P/NZX MidCap Index is up 1%, while the S&P/NZX 10 – made up of only the biggest stocks &nd...

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