Russell Top 50 Index

The Russell Top 50 Index measures the performance of the largest companies in the Russell 3000 Index. It includes approximately 50 of the largest securities based on a combination of their market cap and current index membership and represents approximately 40% of the total market capitalization of the Russell 3000.

The index, which was launched on January 1, 2005, is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group. Its ticker symbol is ^RU50.

Investing

Prior to January 27, 2016, the index was tracked by an exchange-traded fund, the Guggenheim Russell Top 50 Mega Cap ETF (NYSE Arca: XLG).[1] The ETF switched to the S&P 500 Top 50 Index.

Top 10 holdings

(as of October 31, 2020)[2]

Top sectors by weight
  • Technology
  • Consumer Discretionary
  • Health Care
  • Industrials
  • Financials

See also

References
  1. Guggenheim Investments page on XLG
  2. "Russell Top 50 Index factsheet".
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.