March Monthly Performance Update
MSMqi Indexes Decline, But Long-Term Returns Remain Strong
For the most up-to-date performance, visit the full index dashboard here. To see all of our return updates, go here.
MSMqi Platform Monthly Performance Summary
Our Microcap Quality Index Platform (MSMqi) is based on a passive strategy built to give smaller cap investors a fertile mulitbagger hunting ground. So far, the MSMqi platform has identified 69 mutlibaggers (50% hit-rate).
Spotlight Index:
As of the end of March, the Spotlight Index delivered an average return of 58.43%, with the average peak return reaching 119.08%. More details on this later.
Spotlights refer to stocks identified on our MSMqi platform that we believe offer at least 50% near-term upside, along with the potential to become long-term multibaggers. The Spotlight Index was launched in April 2024.
The MSMqi 2022:
The MSMqi 2022, our inaugural index launched in February 2022, declined 3.43% in March. Despite the pullback during the month, cumulative performance since inception remains strong at 108.17%, continuing to outperform major market benchmarks.
The index holds 110 stocks and follows a passive strategy, with a CAGR of 19.81% and peak CAGR reaching 39.21%.
The MSMqi 2025:
The MSMqi 2025 declined 4.30% in March (actual average return using the prior month’s ending price as the starting price). Since its inception in April 2025, the index has a cumulative return of 27.69%.
The MSMqi 2025 was the result of a rebalancing of the MSMqi 2022 we did in April 2025, by removing 23 stocks. These removed stocks are up 43.67% since we removed them. You can still track them here.
The MSMqi 2025 currently holds 107 stocks, with no new additions during the month.
The strongest monthly performers in the MSMqi 2025 were:
BDCO +74.13% (Oil refinery and fuel)
IFA.TO +55.90% (Apparel and textile technology)
OCC +48.11% (Fiber-optic cable)
See Full Performance Report Below…