Russell 1000 Index
Categories: Index Funds
It’s an index. A broad one.
The Russell is actually a series of various indices that track the progress (or lack thereof) of stocks in a given basket. Like many indices, the Russell Index is actually owned or managed by the “footsie,” or “FTSI,” based in London, and the indices come in all kinds of flavors, like the Russell 3000 growth, the Russell 1000 Value, the Russell mid-cap, the Russell micro-cap, and the anemic Russell Top 200. No relation to Top Gear, the, uh…video Yelp of cars.
Why do we need yet another index? We already have the Vanguard series featuring the famous ticker SPY, or S&P 500, we have the Wilshire 5000, which isn’t really 5000, and we have a bunch of others, each of which give market insights from slightly different lenses.
The answer? Because investors are willing to pay for those insights and/or invest in those index funds, and will likely keep doing so until there’s no more money to be made.
At which point everything gets renamed to being an, um...outdex.
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Finance: What is the Russell Index?4 Views
What is the Russell Index? Well it's an index like a stock
index abroad one the Russell is actually a series of
various indices that track the progress or lack thereof of stocks in a given
sector or basket like many indices the Russell index is actually owned and/or
managed by the footsie or f TSI based in London that's the financial time stock [sky scraper in London]
index F TSI footsie and the indices come in all kinds of flavors with an example [ice cream counter]
right here where you can see funds with catchy titles like the Russell 3000
growth and the Russell 1000 value and the Russell mid cap yeah the Russell
micro cap and the anemic Russell top 200 it's only 200 companies there and that
top 200 yeah no relation to top gear the video Yelp of cars alright well why do [Top Gear website with Nissan Leaf charging]
we need yet another set of indices well we already have the Vanguard series
featuring the famous ticker s py or S&P 500 we have the Wilshire 5000 which
isn't really 5000 and we have a bunch of others each of which give market
insights from slightly different lenses like that and that and yeah that well [microscope, magnifying glass]
the answer because investors are willing to pay for those insights and/or invest [money passing hands]
in those index funds and will likely keep doing so until there's no more [money piling up]
money to be made at which point everything gets renamed to being an out
Dex