World Capital Management

Peter Walker
CEO & Founder of World Capital Management

WCM's Managed Account Performances
World Capital Management’s Spectrum Index is a cap-weighted index of the world’s largest, fastest-growing companies. This investment product comprises approximately 50% of our investment holdings.
World Capital Management’s Technology Index holds the top 10 fastest-growing Technology ETFs. This investment product comprises approximately 35% of our investment holdings.
World Capital Management’s Small-Cap Core Index is a cap-weighted index of the market's fastest-growing small-cap companies. This investment product comprises approximately 15% of our investment holdings.
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WCM's Managed Accounts & Money Manager Review

World Capital Management manages money using a proprietary, capital-weighted index made up of the market’s largest, fastest-growing companies.

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Money Manager Review
is a definitive guide to private money managers. MMR provides completely unbiased, in-depth analysis of hundreds of the world’s leading investment managers. Our database allows you to quickly sort, rankand pick managers that best fit your investment objectives.

Frequently Asked Questions

Welcome to World Capital Management.  World Capital Management is a 36-year-old investment research and management firm.  I am Peter Walker, the firm’s founder, and Chairman. We also offer a subscription to Money Manager Review, an online service that reports on the performance of the nation’s leading investment managers.  Beginning in 1986, Money Manager Review began helping thousands of investors to find America’s top-performing money managers. 

At World Capital Management we both manage money and guide investors with our investment model.   Our Spectrum Index Model is designed to help investors improve their investment returns.   Click to subscribe or see our updated investment performance*.  World Capital Management uses a mega-capital-weighted, growth index strategy.



The history of modern exchange markets explains how today’s money is being managed.

Our modern exchange markets would not be possible without modern electronics. Trading stocks from off-exchange locations began with the invention of the ticker tape.  More recently, improvements in communication have exponentially driven down investment costs while accelerating worldwide capital growth. 

To track market performance stock indexes were created.  Indexes establish a benchmark against which a market’s performance is measured. 
In 1975, Vanguard created the first Standard & Poor’s index mutual fund.  The Vanguard S&P Index represents a capital distribution covering 80% of the total market.  Today the combined total of all S&P 500 indexes contain over $70 trillion. A milestone marked 2000 as the year when Barclay’s Bank sold its portfolio of capital-weighted ETF indexes to the NY investment firm, BlackRock.  Today, BlackRock is the world’s largest money manager with over $7 trillion in capital-weighted index management. By 2008, investors had discovered that ETF capital-weighted indexes were the cheapest way to diversify money.  Today, capital-weighted indexes have become the most widely used method to manage money.

Originally, capital-weighted indexes were designed to calculate an index’s total capital value. Before capital-weighed indexes, indexes were reported as an average share price.  By the 1920s, major stock market indexes began reporting index prices using capital weights.  To calculate a company’s capital value multiply the total outstanding shares by its market price.  Today, a hundred years later, most major world indexes report an exchange index as a combined capital-weight. 

As an investment tool, capital-weighted indexes distribute money by company size.  Larger, more established companies, receive a proportionally greater investment allocation while smaller, higher-risk companies receive a smaller investment share.  Capital-weighted indexes are easy to create, use, and monitor.
Capital-weighted indexes also allow capital values to float when market values change.  Occasional index rebalancing helps realign the portfolio’s capital distribution to match the underlying market. Since a company’s risk is related to company size, a capital-weighted index optimally distributes portfolio risk.     
The ease of investment diversification, liquidity, and low cost explains why today’s money management is primarily done by capital-weighted indexes.

Capital weighted-indexes allocate money based on company size.  However, capital weighted-indexes are not designed to maximize growth rates.  As a result, most capital weighted indexes include underperforming companies. To improve performance, World Capital Management creates its own mega-capital-sized, capital-weighted, growth index.

This investment strategy has given us better portfolio performance with less risk.*

To control risk and lower volatility, we invest in larger, more established companies.   To further control risk, we create a customized capital-weighted index.

By occasionally rebalancing our index’s capital weights, we take advantage of the market’s changing capital values. 

Our turnover is low and we do not time the market.  We occasionally remove underperforming companies and replace them with faster-growing companies.

We occasionally allocate smaller amounts of money to two additional investment strategies.

 The WCM Small-Cap Index:
We manage a small-cap, capital-weighted index which is comprised of established, high-growth, smaller-capitalized companies.     

The High-growth Technology Composite:

We also hold a diversified portfolio of the fastest-growing technology ETFs. 

At present, both the small-cap and technology ETF portfolios have performed significantly better than the market averages.*   Please request information on the performance of both these strategies.

Our managed accounts are held at Folio Institutional which is a subsidiary of Goldman Sachs. 

Folio Institutional charges no commissions and provides analytical tools to help us manage capital-weighted indexes.  Our management fee includes all trading commissions and account costs.  Please visit the following links to learn about Folio Institutional and Goldman Sachs (exchange ticker symbol GS).

Folio Institutional: 

Goldman Sachs

The first step to opening an account is to fill out our New Account Form.


After submitting the form we set up a time to discuss your investment goals. 

You can also call us at 1-415-386-7111.


Account minimums start at $100,000 and our fees range from 1 -1.5% annually.

Visit our fees and account minimum page at


Money Manager Review:

 Money Manager Review analyzes the performance of Wall Street’s leading investment managers.  For 36 years Money Manager Review has helped thousands of investors find the nation’s top-performing money managers.  As a subscriber, you will be able to compare the performance and strategies of America’s leading investment managers.  To subscribe to the Money Manager Review visit:

For more information please contact us at:
Telephone:  415-386-7111

World Capital Management
12620 DuPont Rd.
Sebastopol, CA 9547

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