FTSE Russell, the global index, data and analytics provider, today announced the schedule for the 34th annual Russell Reconstitution of its Russell US Indexes suite, set to occur at the end of June.
This rebalancing process is designed to capture market shifts from the previous year to ensure the Russell US Indexes continue to accurately reflect the US equity market.
The 2022 Russell Reconstitution schedule is as follows:
• Friday, May 6th – “Rank Day” – Index membership eligibility for 2022 Russell Reconstitution determined from constituent market capitalization at market close.
• Friday, June 3rd – Preliminary index additions & deletions membership lists posted to the FTSE Russell website after 6 PM US eastern time.
• Friday, June 10th & 17th – Preliminary membership lists (reflecting any updates) posted to the FTSE Russell website after 6 PM US eastern time.
• Monday, June 13th – “Lock-down” period begins with the updated membership lists published on June 17th considered to be final.
• Friday, June 24th – Russell Reconstitution is final after the close of the US equity markets.
• Monday, June 27th – Equity markets open with the newly reconstituted Russell US Indexes.
Catherine Yoshimoto, Director, Product Management, FTSE Russell, said:
“The routine annual rebalancing ensures our family of Russell US Indexes maintain a complete and precise view of the US equity market, to capture size and style shifts that may have occurred within public companies over the past year. Our transparent, rules-based methodology process enables this event to run smoothly for investors, as preliminary updates to index membership are communicated to the marketplace throughout the month of June. 2022’s annual reconstitution event marks the third reconstitution since the COVID-19 pandemic began in early 2020, and it will be interesting to see what is in store for the US equity markets in the coming months as reflected in our annual rebalance.”
Annual reconstitution and quarterly IPO additions provide an important foundation for FTSE Russell’s widely used Russell US Indexes. These index governance processes are designed to ensure that our indexes remain a current and relevant measure of US equity market performance.
On February 25th, FTSE Russell announced the 1Q2022 preliminary list of IPO additions, which will take effect at the market open of March 21st. Interestingly, as of 1Q2022, there are no preliminary additions to the Russell 1000 Index, and only eight additions to the Russell 2000 Index, compared to 12 additions to the Russell 1000 Index and 32 additions to the Russell 2000 Index a year ago in 1Q2021.
FTSE Russell index expertise and products are used by institutional and retail investors globally and roughly $17.9 trillion is currently benchmarked to its indexes, including approximately $10.6 trillion benchmarked to the Russell US Equity Indexes. Visit the FTSE Russell website for more information on the FTSE Russell global family of equity indexes. More information on 2022 planned updates and background on the annual rebalancing process can be found on the Russell Reconstitution resource hub.
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About FTSE Russell:
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $16 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.
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For more information, visit www.ftserussell.com.
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