U.S. stocks will soon be reshuffled in the Russell reconstitution. Here’s how Goldman Sachs sees the rebalancing shaking out.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Stock-market investors are soon facing a reconstitution of U.S. Russell indexes, an annual process resulting in the deletion and addition of companies in...

Stock-market investors are soon facing a reconstitution of U.S. Russell indexes, an annual process resulting in the deletion and addition of companies in widely-followed benchmarks.

Almost $4 trillion of assets under management is benchmarked to major Russell indexes, which are set to be rebalanced after the stock market’s close on June 23, according to a Goldman Sachs Group research report published Monday evening. “We estimate Info Tech will remain the largest sector in the Russell 1000 and Russell 3000,” they said. While information technology will see the largest increase in weight in the Russell 2000 index, healthcare will remain its largest sector, according to their report.

The Russell 1000 index, a gauge of large-cap stocks in the U.S., has risen around 7% so far this year based on Tuesday afternoon trading, according to FactSet data. By contrast, the small-cap-focused Russell 2000 index is down around 1.1% year to date, FactSet data show, at last check.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A stock-market milestone: Apple is now worth more than the entire Russell 2000The market capitalization of Apple Inc. has surpassed that of the entire Russell 2000 for two weeks, the longest stretch on record, according to Bloomberg data.
Source: MarketWatch - 🏆 3. / 97 Read more »

Goldman on the best way to play the EV market from hereInvestors looking to bet on electric vehicles may want to consider putting their money in auto suppliers, according to Goldman Sachs.
Source: CNBC - 🏆 12. / 72 Read more »