MSCI U.S. Small Cap Growth Index

Definition

The term MSCI U.S. Small Cap Growth Index refers to a composite that includes small cap companies located in the United States with favorable growth profiles.  The MSCI U.S. Small Cap Growth Index is published and maintained by Morgan Stanley Capital International (MSCI).

Explanation

The MSCI U.S. Small Cap Growth Index is a subset of the securities found in the MSCI U.S. Small Cap 1750.  The index is designed to measure the performance of the small capitalization companies in the United States equities market that also exhibit an overall growth style. The five variables used when determining if a company exhibits this growth style include: long-term and short-term forward EPS growth rate, current internal growth rate, long-term historical EPS growth, and long-term historical sales per share growth.

First launched on March 27, 2003, the MSCI U.S. Small Cap Growth Index contains approximately 1,000 constituents, which includes companies that are selected based on float-adjusted market capitalization.  All MSCI market capitalization indexes are fully reviewed at the end of May and November.  Partial reviews take place in February and August.  The performance of this index can be monitored via Bloomberg's real time ticker symbol MZUSSG.

Related Terms

Russell Top 200 Growth, Russell Top 200, Russell Top 50 Mega Cap, MSCI U.S. Small Cap Value Index