The Russell 1000 Index measures the performance of the large-cap segment of the U.S. equity universe. It is a subset of the Russell 3000 Index and includes approximately 1,000 of the largest securities based on a
combination of their market cap and current index membership. The Russell 1000 represents approximately 92% of the U.S. market. The Russell 1000 Index is constructed to provide a comprehensive and unbiased
barometer for the large-cap segment and is completely reconstituted annually to ensure new and growing equities are reflected.
While most individual investors will look at the S&P 500 as a gauge for the overall market, the Russell 1000 is useful for those who want to track an even broader market segment.
Positives:
The Russell 1000 contains a deeper range of stocks than the more widely cited Dow Jones Industrial Average or the S&P 500. For many fund managers, this index represents the universe of large, liquid stocks that are suitable for investment. Because of this, the Russell 1000 is a good benchmark for many managers.
Drawbacks:
Since the largest components in the index are so heavily weighted, most individual investors will see little gain from investing or tracking this index instead of the S&P 500. After all, thanks to the heavy weighting of large stocks, the returns posted by both indices tend to be very similar. It's also worth noting that the Russell 3000 usually outperforms the 1000 by a small margin, due in large part to the inclusion of smaller, higher-growth firms.
How can I trade/invest in this index?
1) Large Cap Bull 3x Shares Russell 1000® 300% BGU
The Large Cap Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the price performance of the Russell 1000® Index ("Large Cap Index"). There is no guarantee the fund will meet its stated investment objective.
Target Index
The Russell 1000® Index measures the performance of the large-cap segment of the U.S. equity universe. It is a subset of the Russell 3000® Index and includes approximately 1000 of the largest securities based on a combination of their market cap and current Index membership. The Russell 1000 represents approximately 92% of the U.S. market and has an average market capitalization of $14.3 billion dollars and a median market capitalization of $5 billion dollars as of April 30, 2008. One cannot directly invest in an Index.
Index Sector Weightings
Financial Services 17.27%
Technology 14.59%
Health Care 13.25%
Energy 12.76%
Producer Durables 11.09%
Consumer Discretionary 10.74%
Consumer Staples 9.76%
Utilities 6.62%
Materials & Processing 3.92%
2) Large Cap Bear 3x Shares Russell 1000® -300% BGZ
The Large Cap Bear 3X Shares seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Russell 1000® Index (“Large Cap Index"). There is no guarantee the fund will meet its stated investment objective.
Target Index
The Russell 1000® Index measures the performance of the large-cap segment of the U.S. equity universe. It is a subset of the Russell 3000® Index and includes approximately 1000 of the largest securities based on a combination of their market cap and current Index membership. The Russell 1000 represents approximately 92% of the U.S. market and has an average market capitalization of $14.3 billion dollars and a median market capitalization of $5 billion dollars as of April 30, 2008. One cannot directly invest in an Index.
Index Sector Weightings
Financial Services 17.27%
Technology 14.59%
Health Care 13.25%
Energy 12.76%
Producer Durables 11.09%
Consumer Discretionary 10.74%
Consumer Staples 9.76%
Utilities 6.62%
Materials & Processing 3.92%
