The last Friday of June means different things to different people. When I was growing up, that was the day before the Rhoads family embarked on their annual vacation to the Florida Gulf Coast. Now that I’m all grown up (which may be debatable at times) and spend most of my time focusing on the financial markets, the last Friday in June represents the annual restructuring of the Russell family of indexes. This process is commonly referred to as the Russell Reconstitution.
A couple of weeks ago I posted a blog discussing just how smooth the process is with respect to Russell 2000 volatility (or a lack of volatility) in the blog linked below –
Last week I posted a blog discussing the preliminary list of stocks that was released by Russell Indexes on June 12th.
And we have a quick explanation of the whole process plus some 2015 highlights in the following video.
Finally, for more information on the process you can always visit www.russell.com for insight into change in the Russell 2000 or any other indexes maintained by Russell Investments.