Mid-Cap stocks are like the middle child in a family, they often feel left out. However this sector of the market has outperformed both large and small cap securities over the past 5 years. While most advisors associate them with higher risk over the larger brother SPY investing in an index like MDY has shown them to hold up comparatively well even during the worst of the great recession. I believe this sector should has shown its value during the past 5 years as an important part of a diversified portfolio. Often investors give too light of a weighting to this sector of the market.
Disclosure: I am long MDY.
Additional disclosure: Every investor should consult their own adviser to determine suitability for their risk tolerance. Mark Harris is a Registered Investment Adviser.