The investment criteria for US smaller companies funds may be altered in the wake of a rebasing of t...
The investment criteria for US smaller companies funds may be altered in the wake of a rebasing of the Russell 2000 index, writes Leo Bland. Russell 2000, the main investment universe for US small cap fund managers, was rebalanced at the end of June in a move which saw the 116 largest companies within it move into the Russell 1000 index. The rebasing has led to the size of the largest cap stock in the index falling to $1.6bn from around $9bn. Autif's investment regulations state US smaller companies funds must have at least 80% of their assets in stocks with a market cap no bigger than ...
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