Jump to content

Russell Top 50 Index

From Wikipedia, the free encyclopedia
Russell Top 50 Mega Cap
FoundationJanuary 1, 2005 (2005-01-01)
OperatorFTSE Russell
ExchangesNew York Stock Exchange
Trading symbol^RU50
Constituents50
TypeLarge cap
Weighting methodCapitalization-weighted
Related indicesRussell 3000 Index
Websitewww.lseg.com/en/ftse-russell/indices/russell-us

The Russell Top 50 Index also known as the Russell Top 50 Mega Cap is a stock market index that 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

[edit]

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

Top 10 holdings

[edit]

(as of October 31, 2020)[2]

Top sectors by weight

[edit]
  • Technology
  • Consumer Discretionary
  • Health Care
  • Industrials
  • Financials

See also

[edit]

References

[edit]
  1. ^ Guggenheim Investments page on XLG
  2. ^ "Russell Top 50 Index factsheet".
[edit]