Russell Announces Index Additions

These lists of U.S. companies—and lists of additions and deletions for the Russell Global Index—are available at http://www.russell.com/Indexes/tools-resources/reconstitution.asp. The list of preliminary additions for the Russell 3000 features 186 companies, including 22 initial public offers, and shows a relatively even distribution of “additions” among sectors. The list shows 35 firms in the health care sector, 33 in the financial services sector and 31 in the technology sector.   

Russell’s index research shows Exxon Mobil ($411.2 billion) and Apple ($321.7 billion) will continue to rank as the largest two companies in the Russell 3000 in terms of market capitalization, while Chevron will re-enter the top 10 as the fourth largest stock.   

With these changes, the combined market capitalization of stocks in the Russell 3000, which reflects about 98% of the investable U.S. equity universe, will increase from $13.4 trillion as of May 31, 2010, to $16.7 trillion as of May 31, 2011. Similarly, the median market capitalization will increase by 23.0% from $802 million in 2010 to $1.04 billion.