Among the major indices to get a facelift are the Russell 3000, Russell 2000 and Russell 1000 indices. Russell said the new index constituents will be posted on www.russell.com on July 6, according to a news release.
Preparing market watchers for what the new indices will contain, Russell provided capitalization ranges of index constituents. Overall, c apitalizations range for stocks in the Russell 3000 from $317.8 billion for the largest stock (General Electric) to $175.8 million for the smallest stock. Following the reconstitution, the total market capitalization for the Russell 3000 will stand at $13.3 trillion, up 32% from last year. The market capitalization for the Russell 2000 is $1.2 trillion.
More than $1.4 trillion in assets are benchmarked to Russell indices and more than $364 billion is invested in passive index funds that use them as a model.