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, -2.38% which has had an incredible performance run launched the Alger Mid-Cap Focus Fund AFOIX, -1.49% 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, -0.84%. The S&P 500 isn't as diversified as its name implies because the index's five largest companies Microsoft MSFT, -1.26%, Apple AAPL, -0.48%, Amazon AMZN, -2.45%, Alphabet GOOG, -1.24%GOOGL, -1.33% and Facebook FB, -2.97% 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.