Newly Reconstituted Russell Indexes Reflect Market's Widespread Growth in Past Year; Annual process ranks top 3,000 companies by market cap.TACOMA Tacoma (təkō`mə), city (1990 pop. 176,664), seat of Pierce co., W Wash., on Commencement Bay and Puget Sound at the mouth of the Puyallup River; inc. 1884. , Wash. -- Russell's newly reconstituted family A reconstituted family also known as a blended family is a union of two adults who have had previous marital relations and have had children in those previous relationships. It is the family type created from the conjugation of two lone parent families. of 21 unmanaged U.S. stock indexes reflect widespread growth in market capitalization Market CapitalizationA measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. for U.S. equities after a positive year on Wall Street. The smallest company in the broad-market Russell Russell, English noble family. It first appeared prominently in the reign of Henry VIII when John Russell, 1st earl of Bedford, 1486?–1555, rose to military and diplomatic importance. 3000(R) Index, for example, surged 51% from this point last year, while the largest company increased 11%. In addition, 100 of the newly added companies were initial public offerings during the year. On July 6, Russell will post on www.russell.com the new, official membership lists for the Russell 3000 as well as the small-cap Small-cap A stock with a small capitalization, meaning a total equity value of less than $500 million. small-cap 1. Of or relating to the common stock of a relatively small firm having little equity and few shares of common stock Russell 2000(R) Index and large-cap Large-cap A stock with a high level of capitalization, usually at least $5 billion market value. large-cap 1. Of or relating to the common stock of a big corporation that has considerable retained earnings and a large amount of Russell 1000(R) Index. "Russell's index reconstitution process objectively and completely captures the changing face of our economy to reflect current market realities," said Lori Richards Rich·ards , Dickinson Woodruff 1895-1973. American physician. He shared a 1956 Nobel Prize for developing cardiac catheterization. , senior product manager, Russell indexes Russell Indexes US equity index widely used by pension and mutual fund investors that are weighted by market capitalization and published by the Frank Russell Company of Tacoma, Washington. . The newly reconstituted indexes reflect the following market changes: --The updated capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. range for stocks in the Russell 3000 stretches from $317.8 billion for the largest stock (General Electric) to $175.8 million for the smallest stock. The market capitalization of the median company in the Russell 3000, which now stands at $822.4 million, increased 32% from $622.3 million in 2003. --Of the 100 IPOs that entered the Russell 3000, 10 gained enough value to jump directly into the Russell 1000, representing 0.24% of the large-cap index's weight. The 90 newly added IPOs in the Russell 2000 represent 0.35% of its total market capitalization Total Market Capitalization The total market value of all of a firm's outstanding securities. . --The Russell 2000 now ranges from a ceiling of $1.6 billion to a bottom end of $175.8 million. The capitalization of the median company in the small-cap benchmark, which now stands at $496.4 million, increased 41% from this time last year. --The total market capitalization for the Russell 3000 stands at $13.3 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. , which reflects a 32% increase from this point last year. The market capitalization for the Russell 2000 is $1.2 trillion, which represents 9.2% of the U.S. equity market as measured by the Russell 3000.
MARKET CAP RANGES FOR RUSSELL INDEXES
Russell 3000 Index (broad market)
Largest company General Electric $317.8 billion
(Largest in 2003: $286.8 billion)
Median company Freds Inc. $822.4 million
(Median in 2003: $622.3 million)
Smallest company Microtune Inc. $175.8 million
(Smallest in 2003: $116.6 million)
Russell 1000 Index (large caps)
Largest company General Electric $317.8 billion
(Largest in 2003: $286.8 billion)
Median company Providian Financial Corp. $4.0 billion
(Median in 2003: $3.1 billion)
Smallest company UGI Corp. $1.6 billion
(Smallest in 2003: $1.2 billion)
Russell 2000 Index (small caps)
Largest company Energen Corp. $1.6 billion
(Largest in 2003: $1.2 billion)
Median company Presidential Life Corp. $496.4 million
(Median in 2003: $351.8 million)
Smallest company Microtune Inc. $175.8 million
(Smallest in 2003: $116.6 million)
Russell Top 200(R) Index
(largest 200 U.S. companies in the large-cap index)
Largest company General Electric $317.8 billion
(Largest in 2003: $286.8 billion)
Median company Prudential Financial Inc. $23.4 billion
(Median in 2003: $19.2 billion)
Smallest company Agilent Technologies Inc. $12.4 billion
(Smallest in 2003: $9.9 billion)
Russell Midcap(R) Index
(smallest 800 companies in the large-cap index)
Largest company Kroger Co. $12.3 billion
(Largest in 2003: $9.8 billion)
Median company Federated Investors Inc. $3.2 billion
(Median in 2003: $2.5 billion)
Smallest company UGI Corp. $1.6 billion
(Smallest in 2003: $1.2 billion)
Russell 2500(TM) Index
(bottom 500 companies in the large-cap index plus Russell 2000
members)
Largest company Scana Corp. $4.0 billion
(Largest in 2003: $3.1 billion)
Median company Identix Inc. $640.0 million
(Median in 2003: $463.3 million)
Smallest company Microtune Inc. $175.8 million
(Smallest in 2003: $116.6 million)
Each year Russell constructs its indexes by ranking the 3,000 largest stocks in the U.S. equity market by capitalization as of the end of May. Although companies and securities may leave the indexes during the year due to mergers or bankruptcies, replacement for securities in the Russell indexes occurs only when the indexes are reconstituted. Russell indexes serve as performance standards against which money managers and mutual funds can be evaluated. More than $1.4 trillion in assets are benchmarked to Russell indexes, and more than $364 billion is invested in passive index funds that use them as a model; a 100% increase since 1999. Russell Investment Group Russell Investment Group is an investment firm with global reach, providing investment products and services to individuals and institutions in 44 countries. A pioneer in multi-manager investing, and the creator of Russell Indexes, Russell manages more than US$200 billion in assets , a global leader in multi-manager investment Multi-manager investment is an investment product that consists of multiple specialized funds. Each specialized fund may invest across different sectors and markets, or having managers investing in the same asset class but have different investment styles. services, provides investment products and services in more than 35 countries. Russell manages more than $107 billion in assets and advises clients worldwide representing more than $1.8 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo. Russell Investment Group is a registered trade name of Frank Russell Frank Russell may refer to the following people:
www.russell.com |
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