How Russell Index Changes Impact ETFs

June 28, 2017

ETF Impact

These annual changes impact a roster of ETFs built around Russell indices, which then must buy or sell underlying stocks in order to track their benchmarks. The whole reconstitution process takes place throughout the month of June in an annual event that’s rolled out in three parts. 

Today there is more than $110 billion in U.S.-listed ETF assets linked to four U.S. equity Russell indices, the bulk of the assets being dominated by one issuer: iShares.

Among the biggest Russell-linked ETFs, all offered by iShares—are funds such as the $7.7 billion iShares Russell 3000 ETF (IWV), the $39 billion iShares Russell 2000 ETF (IWM), the $18.5 billion iShares Russell 1000 ETF (IWB) and the $36.2 billion iShares Russell 1000 Growth ETF (IWF).

Other ETFs impacted by the reconstitution include:

For a full list of company additions and deletions, check out Russell’s full reconstitution report

Contact Cinthia Murphy at [email protected]

 

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