FYI: The U.S. stock market is on the mend. After getting walloped by two back-to-back corrections in February and March, the S&P 500 has recovered nicely in May, and once again finds itself in positive territory for the year. It’s been a wild ride to get here, but the venerable index is up 5% from its lowest closing level of the year, and has returned a decent 2.1% on a year-to-date basis.
That said, there’s more ground to make up before the S&P 500 has completely recovered. From its all-time high of 2,873 set in January, the index is still down 5.6%.
Yet while the S&P 500 has more work to do before hitting new highs again, another index is already there. The iShares Russell 2000 ETF (IWM), a $44 billion fund that tracks the Russell 2000 Index, briefly eclipsed its January high on Monday.
Regards,
Ted
http://www.etf.com/sections/features-and-news/top-performing-small-cap-etfs-ytd
