In its recent announcement on projected changes for the Russell US Indexes at this year’s Russell Reconstitution, FTSE Russell highlighted that total US equity market capitalization reached approximately $31.7 trillion at this year’s Russell Reconstitution May 10 rank day, up 3% from $30.7 trillion total market cap last year.
Relatively strong US large cap equity performance has helped this increase, with the Russell 1000® Index gaining 6.1% from last year’s rebalance through May 10 rank day relative to a 5.5% decline for the Russell 2000® Index for the same period.
Reflecting a challenging year for US small caps, the closely watched breakpoint between the US large-cap Russell 1000 Index and the US small-cap Russell 2000 Index is expected to decrease to $3.6 billion from $3.7 billion last year as the asset class lost value year-over-year.
Source: FTSE Russell as of May 10, 2019. Past performance is no guarantee off future results. Please see the end for important legal disclosures.
Catherine Yoshimoto, director, product management:
“The annual Russell US Indexes Reconstitution is like a scorecard on the US equity market, highlighting significant changes over the past year. As we prepare for the annual rebalance of the Russell US Indexes in late June, our projected index changes show us a market led by US large caps and growth-oriented stocks outpacing value-oriented stocks.”
FTSE Russell’s annual Russell US Index Reconstitution will conclude at the close of the US equity markets on Friday, June 28. For more information on the Russell Reconstitution, go to the FTSE Russell website.
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