Friday, June 22, 2007

Russell Rebalancing 2007

One last post on the rebalancing... this I pulled from a newswire.

The annual Russell Indexes Reconstitution will take place today. Typically this is
one of the largest volume days of the year and there can be excess volatility as
a result, particularly in low average volume stocks. In the Russell 3000, there
are 275 stocks being added this year while 175 stocks are being deleted. One new
twist this year is that companies designated BDI (Benefits Driven Incorporations)
will be eligible for inclusion in the Russell Indexes for the first time. Some of
these large cap names are familiar members of other indexes (TYC, ACN, ACE, IR,
GRMN, XL, STX, MRVL, NBR, RE, AXS, ACGL, PRE, WCRX, RNR, TK). BDI names being added to the Russell Microcap Index include (ASI, ATB, CPHL, CRMH, MCX, PRS, PXT, QNTA, RAMR, SCT, TBSI, VLCCF, WPL).
I noticed loads of insurers being added... but anyway, be careful if you choose to mess with this. Some guy from my company blew up BIGTIME trading this a few years back. If you have a heart condition wait until Monday to trade these names...

UPDATE: The "block quote" feature on Blogger clearly sucks.

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