Tech Shakeup For Russell Indexes: 240 New Companies, Like SuperMicro Computer And Micro Strategy, To Join
- FTSE Russell has announced the 2024 reconstitution of its Russell indexes.
- This year sees an especial amount of change coming to the indexes, with 243 new companies joining.
- Most notably, SuperMicro Computer and Micro Strategy will join the Russell 1000.
Recently, FTSE Russell announced the 2024 date of the reconstitution of the US broad market Russell 3000 Index and the Russell Microcap Index.
All of the indexes’ constituents are being reevaluated for their positions, with new companies set to join as well. And this year’s rebalancing of the Russell companies promises to be quite a significant one.
In total, almost 40 new companies are set to join the Russell 1000 index from their previous places in the Russell 2000 – a significant amount of change in one year for both indexes.
The changes will also reflect a growing number of Tech stocks into the Russell 1000, and more Healthcare stocks in the Russell 2000.
The reconstituted numbers will reflect from June 28, after US markets close, and be communicated to markets by FTSE Russell on June 30.
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