By Ron Bundy - managing director, FTSE Russell
It’s time for the Russell Shuffle—as some pundits call it—which means rebalancing Russell US Indexes’ entire platform. This year’s narrative was clearly about breaking records. Indexes representing more than $30 trillion in US market capitalization and tracked by more than $9 trillion were rebalanced on Friday, June 22, making it the largest Russell Reconstitution in our more than 30-year history. In addition, 1.2 billion shares changed hands in less than a single second via the Nasdaq closing cross on Friday, which was also a record, and we hit some other milestones, as well.