Magazine : Archives : 2nd Quarter 2021

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The Coming Russell Rebalancing Judgment Day A year-plus in bank stock underperformance could hit several dozen community banks especially hard this summer, following the rebalancing of a crucial stock index. The Russell 3000 Index, run by FTSE Russell, tracks the 3,000 largest public U.S. companies by market capitalization. It includes the Russell 1000, which are the 1,000 largest U.S. companies, and the Russell 2000. Inclusion in the index brings along passive investors who purchase stocks through mutual or exchange-traded funds that track the index. More than $9 trillion in investor assets are benchmarked to or invested in products based on...