Russell will post lists of preliminary additions and deletions for the Russell Global Index, U.S. broad-market Russell 3000 Index and Russell Microcap Index on its Web site after the U.S. market closes on Friday, June 10. Updated lists, if necessary, will be posted at the same location on June 17 and June 24.
Membership changes to Russell’s comprehensive family of indexes will take effect as markets close that final Friday of June and remain in place for the ensuing 12-month period. The final list will be posted on Russell’s Web site on June 27.
Russell offers a comprehensive worldwide set of equity benchmarks that covers 98% of the investable universe and accounted for $3.9 trillion in benchmarked assets as of December 31, 2009, according to the announcement. Membership is determined by objective rules, such as market capitalization rankings. Accurate benchmarks are an integral part of Russell’s ongoing process to monitor 8,000 investment manager products worldwide for the firm’s $155.4 billion active investment management business.
“Russell continues to reassess and refine rules for company inclusion during the reconstitution process in order to minimize index turnover and reduce the impact of reconstitution, while still reflecting precise market representation,” said Sarah McCarthy, senior product manager for Russell Indexes at Russell Investments, in the announcement.More information is at http://www.russell.com/Indexes/data/Reconstitution/default.asp.
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