Index: Apple Aapl and Mid-Cap Stocks

index: Leaving cap-weighting aside, mid-cap stocks are often overlooked, despite good performance characteristics, according to Market Watch. Amy Zhang, who manages the Alger Small Cap Focus Fund AOFAX, -0.05% which has had an incredible performance run launched the Alger Mid-Cap Focus Fund AFOIX, -0.40% in June. We recently discussed the long-term outperformance of value stocks and equally weighted index funds two areas to consider if you wish to cut risk by diversifying beyond the S&P 500 Index SPX, -0.49%. The S&P 500 isn't as diversified as its name implies because the index's five largest companies Microsoft MSFT, -1.16%, Apple AAPL, -1.46%, Amazon AMZN, -1.50%, Alphabet GOOG, -0.71%GOOGL, -0.72% and Facebook FB, -0.11% make up 17% of the market value. In an interview at her office in New York, she said mid-cap stocks offered the best of both worlds, with quality close to large-cap stocks, while the group's growth is closer to small-cap. Crit Thomas, global market strategist at Touchstone Investments in Cincinnati, said in a phone interview that mid-cap stocks were under-represented in investors' portfolios as money continues to flow into large-cap index funds. She also discussed, below, three of the companies held by the Alger Mid-Cap Focus Fund. (news.financializer.com). As reported in the news.