In its recent announcement on projected changes for the Russell US Indexes at this year’s Russell Reconstitution, FTSE Russell highlighted that total US equity market capitalization reached approximately $31.7 trillion at this year’s Russell Reconstitution May 10 rank day, up 3% from $30.7 trillion total market cap last year.
Relatively strong US large cap equity performance has helped this increase, with the Russell 1000® Index gaining 6.1% from last year’s rebalance through May 10 rank day relative to a 5.5% decline for the Russell 2000® Index for the same period.
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