RUSSELL 1000
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RUSSEL L2000
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RUSSELL 3000
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Russell's family of global equity indexes, including the industry-leading U.S. equity indexes (note that Russell uses "indexes" rather than "indices"), allows investors to track the performance of distinct market segments worldwide.
Many investors use mutual funds or exchange-traded funds based on the Russell Indexes as a way of gaining exposure to certain portions of the U.S. stock market. Additionally, many investment managers use the Russell Indexes as benchmarks to measure their own performance. Russell's innovative index design has led to more assets benchmarked to its U.S. index family than all other U.S. equity indexes combined. As of May 2007, Russell's indexes had US$4 trillion in assets benchmarked to them and accounted for 52 percent of assets benchmarked by institutional investors.
The main U.S. index is the Russell 3000® Index, which is divided into several sub-indexes, including the well-known small-cap Russell 2000® Index. The list of stocks in the Russell 3000 is compiled by the Tacoma, Washington-based Russell Investment Group. Using a rules-based and transparent process, Russell forms its indexes by listing all companies in descending order by market capitalization adjusted for float, which is the actual number of shares available for trading. In the United States, the top 3,000 stocks (those of the 3,000 largest companies) make up the broad-market Russell 3000 Index. The top 1,000 of those companies make up the large-cap Russell 1000® Index, and the bottom 2,000 (the smallest companies) make up the small-cap Russell 2000 Index.