Russell Global Index Adds 49 Australian Stocks in Annual Reconstitution
The complete Russell Global Index list is available at http://www.russell.com/Indexes/membership/default.asp
“Our annual process to fully reconstitute the Russell Global Index saw 49 Australian additions, the third most among countries represented in the index,” said Rolf Agather, managing director for index research and innovation for Russell Investments. “Australia's sector distribution still remains quite disproportionate, with 68% of the weight being composed of stocks in the Financial Services or Materials & Processing sectors.”
Other highlights from the annual reconstitution include:
· The largest sector was Financial Services, representing 38.2% of the index despite enduring the largest drop in sector weight (-3.2%)
· The biggest increase came from Materials & Processing (3.4%), bolstering the sector weight to 29.8%
· Technology was the smallest sector weight by an enormous margin after a notable decline which leaves it at 0.2% of the index
Russell‘s index reconstitution process is followed closely by many investors because $3.9 trillion in assets are benchmarked against them, and they account for an industry-leading 63.3% of institutional benchmarked products. Membership in Russell’s equity indexes -- widely used as benchmarks for both passive and active investment strategies -- is determined by objective rules. Accurate benchmarks are an integral part of Russell's ongoing process to monitor more than 8,000 investment manager products worldwide for its $161 billion investment management business.
Website: http://www.russell.com
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This news is a press release provided by Russell Investments. Korea Newswire follows these editorial guidelines.
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2012년 12월 18일 13:14
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2012년 12월 18일 13:13