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Russell Top 50 Mega Cap Index Definition

Definition

The word Russell Top 50 Mega Cap Index identifies a composite which features mega-cap organizations located in the United States. The Russell Top 50 Mega Cap Index has been released and maintained by FTSE Russell.

Explanation

The Russell Top 50 Mega Cap Index is intended to assess the operation of the mega capitalization businesses inside the United States stocks marketplace. The indicator is a combination of about 50 securities issued with the largest businesses within the U.S. concerning market capitalization.

First established on January 1, 2005, the businesses contained in the catalog will be selected primarily based on float-adjusted market-capitalization. Over the previous trading day of May, FSTE Russell rankings qualified firms based in their entire market capitalization values. Over the final Friday of June, the indicator is reconstituted. To be qualified for inclusion at a U.S. equity market indicator, the securities needs to trade to the NYSE, NYSE MKT, NASDAQ, or even ARCA exchanges. The operation of this indicator can be tracked via the Guggenheim S&P 500 Top 50 ticker symbol XLG.