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The Markets December 28, 2010
Financial Services Takes Lead in Russell 3000 Weighting
The U.S. broad-market Russell 3000 Index began the decade
with technology as the most heavily weighted sector, but now the financial sector
has emerged as leader.
Reported by PLANADVISER staff
As of December 29, 2000, the technology sector comprised 20.2% of the Russell 3000, but as of December 27, 2010, it had dropped to second place. Financial services ranks first with a 17.3% weight as of December 27, 2010, according to a press release, while the materials and processing sector in the Russell 3000 continues to hold the lowest weighting (December 29, 2000: 2.9%, December 27, 2010: 4.8%).
In developed markets outside the United States, as reflected by the Russell Developed ex-U.S. Index, financial services also ranks as the most heavily weighted sector, reflecting a weight of 24% as of December 27, 2010, as it did at the end of 2000. Technology (December 29, 2000: 12.8%, December 24, 2010: 6%) and utilities (December 29, 2000: 13.2%, December 27, 2010: 7.9%) have seen their weightings decrease significantly since the start of the current decade.
Technology holds the lowest weighting in the Russell Developed ex-U.S. Index (6%).
| Russell 3000 Index | Russell Developed ex-U.S. Index | |||||
| Russell Index Sectors | Sector Weights December 29, 2000 | Sector Weights December 27, 2010 | Sector Weights December 29, 2000 | Sector Weights December 27, 2010 | ||
| Technology | 20.2% | 16.7% | 12.8% | 6.0% | ||
| Health Care | 14.8% | 11.2% | 7.1% | 6.6% | ||
| Consumer Discretionary | 12.0% | 13.0% | 13.6% | 10.8% | ||
| Consumer Staples | 6.3% | 8.0% | 5.1% | 8.2% | ||
| Energy | 6.3% | 11.1% | 6.7% | 9.6% | ||
| Materials & Processing | 2.9% | 4.8% | 9.0% | 14.5% | ||
| Producer Durables | 8.8% | 12.0% | 8.9% | 12.4% | ||
| Financial Services | 19.8% | 17.3% | 23.5% | 24.0% | ||
| Utilities | 8.8% | 5.9% | 13.2% | 7.9% | ||