On Friday, July 28, executives and guests of Russell Investments will visit the NYSE to open the final day for the annual Russell Indexes reconstitution, which concludes at the close of trading. To mark this special occasion, Russell Indexes CEO Ron Bundy will ring The Opening Bell.
On January 15, 2013, Russell Indexes and NYSE Euronext announced a global alliance spanning three distinct NYSE Euronext business lines, multiple geographies and several facets of Russell's global index business. The agreement included the transition of RussellTick, an index feed for real-time, intra-day values for the Russell family of indexes in the U.S. and globally, to NYSE Technologies' Global Index Feed (GIF) protocol and extensive global distribution as well as a joint commitment to develop additional products and services such as new index-based options.
Access toThe Experts:
Russell Indexes and NYSE leaders are available directly after the bell to answer your questions about the Russell rebalance, why it is important to investors and trading aspects for the markets on Friday:
• Ron Bundy – CEO, Russell Indexes
• Rolf Agather – Managing Director, Global Research & Innovation, Russell Indexes
About the Russell Rebalance:
At U.S. market close on Friday, Russell finalizes its annual reconstitution, completely rebalancing its family of global indexes. Russell reconstitution, an important and highly anticipated event for the markets and investors, affects more than $600 billion invested directly in products based on the Russell Indexes and is important to $4.1 trillion benchmarked to the Russell Indexes.
Each year in June, the Russell family of global indexes is rebuilt from the ground up to reflect market changes in the past year. Companies are ranked from largest to smallest and style representations such as Growth & Value, Defensive & Dynamic are updated. Sectors are reviewed globally and companies are assigned to the appropriate global sector index. Categorized according to their developed, emerging or frontier status and companies are assigned to specific countries. Beginning June 14, preliminary lists of additions and deletions to the indexes are communicated to the marketplace and, after the close on Friday, June 28, final changes go into effect.
About Russell Investments:
Russell Investments (Russell) is a global asset manager and one of only a few firms that offers actively managed multi-asset portfolios and services that include advice, investments and implementation. Russell stands with institutional investors, financial advisors and individuals working with their advisors ─ using the firm’s core capabilities that extend across capital market insights, manager research, portfolio construction, portfolio implementation and indexes to help each achieve their desired outcomes.
Russell has more than $173 billion in assets under management (as of 3/31/2013) and works with over 2,500 institutional clients, independent distribution partners and individual investors globally. As a consultant to some of the largest pools of capital in the world, Russell has $2.6 trillion in assets under advisement (as of 12/31/2012). It has four decades of experience researching and selecting investment managers and meets annually with more than 2,200 managers around the world. Russell traded more than $1.4 trillion in 2012 through its implementation services business. Russell also calculates approximately 700,000 benchmarks daily covering 98% of the investable market globally, which includes more than 80 countries and more than 10,000 securities. Approximately $4.1 trillion in assets (as of 12/31/12) are benchmarked to the Russell Indexes.
Headquartered in Seattle, Washington, Russell operates globally, including through its offices in Seattle, New York, London, Paris, Amsterdam, Sydney, Melbourne, Auckland, Singapore, Seoul, Tokyo, Toronto, Chicago, San Diego, Milwaukee and Edinburgh. For more information about how Russell helps to improve financial security for people, visit www.russell.com
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