SMID indices now trade at valuations near the high end of historical ranges, thanks to strong performance witnessed in 2013. Scott T Chronert and Louis L Odette of Citi Research however point out a number of well-positioned SMID stocks, through their Value Creators SMID Focus List. Growth vs. Valuation face-off Citi analysts point out that for 2013, it appears that Russell 2000 ex-neg earnings growth will settle in the 6 to 8% range. However, relative to +33% index appreciation year-to-date, the implication is that small cap and broader SMID cap has experienced significant multiple expansion. also see: Can the Russell…
SMID Indices PE Has Hit A Record High
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports