The Globe and Mail attempts to identify large-cap Canadian companies that have value and growth characteristics, but may also benefit if investors become more cautious, in its Tuesday, April 19, edition. The Globe's Craig McGee writes in the Number Cruncher column that investors looking for value among Canada's small caps have been rewarded so far this year. Year-to-date, the S&P/TSX small-cap total return index is up 13.5 per cent compared with 5.5 per cent for the large-cap S&P/TSX 60 total return index. Looking back over the past two years, however, gives us a different picture. The TSX 60 has returned a modest 2.3 per cent over that period, while its small-cap counterpart has lost 13.5 per cent. Mr. McGee only considered companies with a market cap above $5-billion, with the best mix of return on equity, forward price to earnings ratio, low five-year price beta and three-month consensus earnings-per-share-estimate revision (cannot be worse than minus 5 per cent). Mr. McGee's select large caps offering both growth and value are Magna International, Canadian Tire, Emera, Fortis and Inter Pipeline.