Standard & Poor’s unveiled the S&P 1000, a combination of the S&P MidCap 400 and S&P SmallCap 600 Indices, according to the index provider.
The S&P 1000 represents $1.2 trillion of investable and liquid mid-cap and small-cap companies and, which, together with the S&P 500, makes up the S&P SuperComposite 1500 Index.
The S&P 1000 represents 10.46% of the market capitalization of the S&P SuperComposite 1500.
Index candidates are selected according to the same criteria used for the S&P 500:
- trading analysis,
- fundamental analysis,
- market capitalization, and
- sector representation