With SMID indices posting resilient returns year-to-date, Citi analysts feel historical performance trends point to the indices maintaining their momentum.
Scott T. Chornert and Louis L. Odette of Citi note the iShares Russell 2000 Index (ETF) (NYSEARCA:IWM) has posted over 30% return year-to-date, while the Russell Mid Cap returned a slightly lower 26%. Citi analysts point out the resilient performance comes despite sluggish economic conditions and ongoing political uncertainty.
Historical performance points to momentum
Citi analysts feel based on historical performance, the returns for Russell 2000 (INDEXRUSSELL:RUT) and Russell Midcap (INDEXRUSSELL:RMCC) for Nov-Dec will post solid performance after strong YTD gains of the current magnitude.
Corroborated with past performance data, Citi analysts point out the YTD...
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