Russell Indexes are mostly used by institutional investors. The total asset value of institutional investors using this index is more than $3.8 trillion. Transparent and modular in design, the Russell Indexes are hugely important worldwide. Representation of sectors and industries are on the basis of a vast types of securities and therefore, objectivity is another advantage of these indices. Regular additions are made to the indices on a quarterly basis.
The Russell indexes were introduced in 1984 with the introduction of this firm's group of US indexes. The performance of almost 11,000 stocks throughout the world can be gauged with the help of the Russell Global Index. A major portion of the global equity market uses the Russell Indexes. The primary indexes of the Russel indexes are as follows:
Russell 1000 Index
Russell 2000 Index
Russell 2500 Index
- Russell 3000 Index
- Russell Top 50 Index
- Russell Top 200 Index
- Russell Midcap Index
- Russell Microcap Index
- Russell Small-Cap Completeness Index
Exchange trade funds and mutual funds that are supported by the Russell indices are used to gain exposure and recognition in the stock markets of America. There are many investment managers who use these indexes in order to measure their own performances. The Russell 3000 Index is the most widely used index in the United States of America. This index has many sub indexes and this also includes the very renowned small cap Russell 2000 Index. The Russell Investment Group, based in Tacoma, Washington, is in charge of compiling the stocks listed on the Russell 3000 Index.
The Russel Index lists companies in the descending order based on their market capitalization. The Russell 3000 Index is a very broad index which lists the foremost 3000 stocks of the top 3000 companies. The large cap Russell 1000 Index comprises of the top 1000 of the 3000 companies listed on the Russell 3000 Index. The bottom 2000 companies listed in the Russell 3000 companies are listed on the Russell 2000 Index.