Silverbird
Market Veteran
- Reaction score
- 27
The annual revamping of the key Russell indexes at the end of the month could lead to a hectic shuffling of stocks by big investment firms.
May 31, 2008: 11:07 AM EDT
NEW YORK (AP)
.....It may seem like a wonkish matter that few individuals would pay attention to, but the reshuffling of the stocks that make up Russell's indexes, including the widely followed Russell 2000 index of small companies, will have a big impact on stock and mutual fund holdings.....
Overall, she [Melissa Roberts, senior vice president of quantitative research at Keefe, Bruyette & Woods] expects 312 new companies will be added to the small-cap index, including 42 companies dropping down from the large-cap list. Keith Miller at Citi put his estimates at a total of 307 additions, with 40 stocks falling from the 1000 to the 2000.
Because analysts and others can be so specific ahead of the actual reconstitution, the stocks in question could see some hectic trading in the coming weeks before the final lists for 2008 are released June 27.
http://money.cnn.com/2008/05/31/markets/bc.na.fin.mkt.us.wallst.ap/index.htm?postversion=2008053111
May 31, 2008: 11:07 AM EDT
NEW YORK (AP)
.....It may seem like a wonkish matter that few individuals would pay attention to, but the reshuffling of the stocks that make up Russell's indexes, including the widely followed Russell 2000 index of small companies, will have a big impact on stock and mutual fund holdings.....
Overall, she [Melissa Roberts, senior vice president of quantitative research at Keefe, Bruyette & Woods] expects 312 new companies will be added to the small-cap index, including 42 companies dropping down from the large-cap list. Keith Miller at Citi put his estimates at a total of 307 additions, with 40 stocks falling from the 1000 to the 2000.
Because analysts and others can be so specific ahead of the actual reconstitution, the stocks in question could see some hectic trading in the coming weeks before the final lists for 2008 are released June 27.
http://money.cnn.com/2008/05/31/markets/bc.na.fin.mkt.us.wallst.ap/index.htm?postversion=2008053111
