@dawgfather MSCI has a range of different size bands. IGO got to small for the band above, and fell into "small cap". Small cap can be quite large!!
A bunch of NZ/OZ companies had MC's around A$400m and dropped out. They reappear in the Micro cap as presumably some of the larger components. Seven Group with its $12.9b MC would be shifting up into the next size band up.
From the Microcap additions.
Banter and general comments, page-36744
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