Investors brace for annual Russell index rebalancing with pandemic imprint – Reuters

  • Date: 19-Jun-2021
  • Source: Reuters
  • Sector:Economy
  • Country:Middle East
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Investors brace for annual Russell index rebalancing with pandemic imprint – Reuters

NEW YORK, June 18 (Reuters) - Market participants are girding for probably the biggest trading event of the year next Friday, as FTSE Russell stages the final reconstitution of its indexes, and trillions of dollars in investments could be influenced by the event that will reflect a wild trading year marked by the pandemic and the “meme” stock craze.

On the last Friday every June, FTSE Russell refreshes the components in its range of indexes, such as the Russell 2000 (.RUT) index of small-cap stocks and Russell 1000 (.RUI) index of large-cap names. Together they make up the Russell 3000 (.RUA) index. There are also style indexes such as the Russell 1000 growth (.RLG) and Russell 2000 value (.RUJ).