By: Catherine Yoshimoto, Sr. Index Product Manager
Despite the market’s focus on the Brexit vote on June 23, the annual reconstitution of the Russell US indexes was successfully completed on June 24. As discussed in an earlier post, a notable event during the 2016 reconstitution was Apple’s shift from 100% growth to a blend of 8% value and 92% growth. A shift such as this within the Russell US Style Indexes provides good insight into the underlying changes that have taken place within a company over the past year. However, a closer look at the Russell Stability Index Series shows that an even more significant shift has taken place in Apple’s defensive/dynamic characteristics, providing even more insight into the company’s current state.