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Investing December 28, 2010
Financial Services Takes Lead in Russell 3000 Weighting
December 28, 2010 (PLANSPONSOR.com) - The U.S. broad-market Russell 3000 Index began the current decade with technology as the most heavily weighted sector, but another sector has emerged as leader.
Reported by PLANSPONSOR staff
As of December 29, 2000, the technology sector comprised 20.2% of the Russell 3000, but as of December 27, it had dropped back to second place. Financial services ranks first with a 17.3% weight as of December 27, 2010, according to a press release, while the materials and processing sector in the Russell 3000 continues to hold the lowest weighting (December 29, 2000: 2.9%, December 27, 2010: 4.8%).
In developed markets outside the United States, as reflected by the Russell Developed ex-U.S. Index, financial services also ranks as the most heavily weighted sector, reflecting a weight of 24% as of December 27, 2010, as it did at the end of 2000. Technology (December 29, 2000: 12.8%, December 24, 2010: 6%) and utilities (December 29, 2000: 13.2%, December 27, 2010: 7.9%) have seen their weightings decrease significantly since the start of the current decade.
Technology holds the lowest weighting in the Russell Developed ex-U.S. Index (6%).
Russell 3000 Index Russell Developed ex-U.S. Index Russell Index Sectors Sector Weights December 29, 2000 Sector Weights December 27, 2010 Sector Weights December 29, 2000 Sector Weights December 27, 2010 Technology 20.2% 16.7% 12.8% 6.0% Health Care 14.8% 11.2% 7.1% 6.6% Consumer Discretionary 12.0% 13.0% 13.6% 10.8% Consumer Staples 6.3% 8.0% 5.1% 8.2% Energy 6.3% 11.1% 6.7% 9.6% Materials & Processing 2.9% 4.8% 9.0% 14.5% Producer Durables 8.8% 12.0% 8.9% 12.4% Financial Services 19.8% 17.3% 23.5% 24.0% Utilities 8.8% 5.9% 13.2% 7.9%