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Friday, June 26, 2015 8:05:31 PM
NEW YORK, May 29 (Reuters) - Investors trying to capitalize on the
annual tweaks to the makeup of Russell stock indexes may produce
a rush of transactions worth over $40 billion in the final moments
of trading on ___Friday, June 26, ___when those changes are formalized
The Wall Street summer ritual - often the biggest trading day of the
year - occurs when Russell Investments updates the component companies
in its Russell 1000, 2000 and 3000 indexes to keep up with the rise and
fall of U.S. corporations. Unlike index operators like Standard and
Poor's, which adds and removes components throughout the year, Russell
reconstitutes its indexes just once
On Friday, May 29, Russell will rank stocks based mostly on market
capitalization for eligibility in its indexes. Investors have been
attempting for months to predict which stocks could be affected.
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