By: Layla Hirschfelt, Sr. Product Manager
Reconstitution day for the Russell US indexes, like Thanksgiving, occurs every year around the same time—the last Friday in June. On this day instead of passing turkey around the table, the Russell US indexes pass around their underlying constituents in a process of rebalancing. By analyzing some of the underlying factors that go into the year’s rebalancing, a theme will typically emerge. For 2016 the theme was “The Incredible Shrinking Market,” highlighting changes that underscore the importance of this annual process.