ETFs tracking the newly rebalanced Russell indexes received a lickety-spit makeover Monday. The large-cap index tracked by the $11.3 billion iShares Russell 1000 (IWB) gained 48 stocks including biotech firms Receptos (RCPT) and Bluebird Bio (BLBD). It also lost 50 companies such as Advanced Micro Devices (AMD) and retailer Big Lots (BIG). The underlying small-cap index followed by the $29.69 billion iShares Russell 2000 (IWM) saw 177 additions
Wednesday 1 July 2015
Major ETFs Get New Look After Russell Index Rebalance
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
ETFs tracking the newly rebalanced Russell indexes received a lickety-spit makeover Monday. The large-cap index tracked by the $11.3 billion iShares Russell 1000 (IWB) gained 48 stocks including biotech firms Receptos (RCPT) and Bluebird Bio (BLBD). It also lost 50 companies such as Advanced Micro Devices (AMD) and retailer Big Lots (BIG). The underlying small-cap index followed by the $29.69 billion iShares Russell 2000 (IWM) saw 177 additions
ETFs tracking the newly rebalanced Russell indexes received a lickety-spit makeover Monday. The large-cap index tracked by the $11.3 billion iShares Russell 1000 (IWB) gained 48 stocks including biotech firms Receptos (RCPT) and Bluebird Bio (BLBD). It also lost 50 companies such as Advanced Micro Devices (AMD) and retailer Big Lots (BIG). The underlying small-cap index followed by the $29.69 billion iShares Russell 2000 (IWM) saw 177 additions
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