b*****h
发帖数: 3386 | 1 http://www.nasdaq.net/PublicPages/Russell_Rebalance.aspx
The Russell Rebalance
HIGHLIGHTS:
On Friday, June 26, 2009, Russell will reconstitute its indexes, to
rebalance the largest companies in the market. The annual Russell
Reconstitution is usually one of the most highly-anticipated and heaviest
trading days in the US equity markets.
Each year, the Russell Investment Group rebalances its indexes during its
annual reconstitution — commonly known as the Russell Reconstitution or the
Russell Rebalance. On Friday, June 26, 2009, Russell will reconstitute its
25 US indexes in order to accurately weight the 4,000 largest companies in
the US stock markets by market capitalization (of float) and in so doing
provide a truer reflection of stock market activity and performance. Russell
also has global indexes which will be reconstituted at the same time.
The reconstitution is usually one of the most highly-anticipated and
heaviest trading days in the US equity markets, as index and other asset
managers seek to reconfigure their portfolios to reflect the composition of
Russell's indexes. Buying and selling activity by money managers will be
influenced by companies being added and deleted from the Russell 3000 and
Microcap Indexes as well as the changes in the weightings among component
companies. Companies which are switched between the Russell 1000 and Russell
2000 indexes in the annual re-ranking may also experience elevated trading
activity as there are different levels of assets managed to these indexes.
...........
...........
A significant portion of the trading activity surrounding the re-balancing
will occur on Friday, June 26, during the NASDAQ Closing Cross. The NASDAQ
Official Closing Price (NOCP) will be used as the closing price for NASDAQ-
listed stocks in the Russell Indexes. Just after 4:00 p.m., Eastern Time, on
June 26, there may be an increase in individual company volumes. This
occurs because the funds that track the Russell Indexes will adjust their
holdings at the closing price on Friday. Since NASDAQ's Closing Cross
determines the closing price for NASDAQ-listed securities, many funds will
elect to send their re-balancing trades through the NASDAQ trading system
for execution. |
|
