By: Mat Lystra, Senior Research Analyst
The Russell 2000® Index hit an all-time high on June 23, once again putting the spotlight on small cap stocks. As of June 30, 2015 the Russell 2000 index performance was 4.75% for the first half of the year. The index outperformed both the Russell Top 200® Index (a measure of large cap stocks) at 1.42% (+3.3%), and the Russell Mid Cap® Index at 2.35% (+2.4 %) in the first half. Index performance was driven by an increase in the value of biotech stocks, a rebound in U.S. economic activity in Q2, and a pick-up in M&A activity.