Indices

February proved to be a tale of two markets as the weakness among “Magnificent 10” stocks impacted the cap-weighted S&P 500® Index leading to outperformance in small-cap and equal-weighted strategies. The S&P 500 Equal Weight Index (SPEQX) led all major benchmarks with a gain of 3.4%, finishing near all-time highs, while the Russell 2000® Index added 0.71%.