Facebook May Join Russell Indexes Amid Smallest Revamp Since ’04
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Six newly public companies including Facebook Inc. will probably join the Russell 1000 Index amid the smallest annual shift in the gauge of large U.S. companies since at least 2004, according to Credit Suisse Group AG.
Stocks representing 1.5 percent of the index’s value will be swapped during Russell’s annual rebalancing on June 22, the smallest proportion in eight years, Credit Suisse estimates. The preliminary list of changes for Russell Investments’ gauges including the Russell 1000 and Russell 2000 Index will be announced after the close of U.S. trading today.