Roughly $10.6 trillion in investor assets are benchmarked to, or invested in, products based on the Russell U.S. Indexes, including the Russell 1000, Russell 2000 and Russell 3000 indices, according to FTSE Russell. (All figures are in U.S. dollars.)
The index provider periodically revises the indices to ensure they provide an accurate representation of the U.S. equity market’s composition and performance.
This means reshuffling, adding to and removing securities from the indices.
Companies must meet certain criteria to be considered for inclusion in the Russell U.S. Indexes, including being listed on a U.S. exchange, having a total market capitalization of at least $30 million and having stock that trades at $1 or higher on FTSE Russell’s so-called rank day, which fell on April 30 this year.
The Russell reconstitution typically results in one of the highest trading volume days of the year. The firm said a record…
