Market Vectors India Small-Cap Index ETF is an open-end management investment company. The Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors India Small-Cap Index (the Index). The Index provides exposure to publicly traded companies that are headquartered in India or that generate the majority of their revenues in India. The Fund seeks to achieve its investment objective by investing substantially all of its assets in the Subsidiary, a wholly owned subsidiary located in the Republic of Mauritius. As of Dec 31 2013, the Fund's total assets were $184,267,241 and its investment portfolio was valued at $122,188,303. We show 36 historical shares outstanding datapoints in our SCIF shares outstanding history coverage, used to compute SCIF market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SCIF market cap history over the course of time is important for investors
interested in comparing SCIF's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SCIF versus a peer is one thing; comparing
SCIF market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SCIF can fluctuate over the course of history.
With this page we aim to empower investors researching SCIF by allowing them to research the SCIF market cap history. |
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Video: The Importance of Market Cap
