Russell Rebalance in 2023
The Russell indices are some of the most widely followed for investment managers and indexed funds. In 2022, Russell reconstitution day was the highest-volume trading day of the entire year, generating $143 billion in trading volume in the closing minutes of trading on June 27, 2022. With roughly $12.1 trillion benchmarked to the Russell US Equity Indices, the Russell Rebalance seeks to maintain an accurate market representation through their family of Russell US Indices as the size and composition of the US equity market constantly changes. More popularly, the largest 1,000 companies form the Russell 1000 Index (large cap), while companies 1,001 to 3,000 make up the Russell 2000 Index (small cap).