Russell 3000 Rebalance

There are a large number of additions/deletions taking place tomorrow, with 430 changes in the Russell 3000 Index. There are 276 additions and 154 deletions, as stocks deleted between reconstitutions are not replaced. Among the nine sectors, health care shows a net addition of 52 stocks, including 24 pharmaceuticals, while energy shows a net decrease of 14 stocks, including 10 non-renewable energy stocks. However, the financial services sector leads both the list of additions (+69) and list of deletions (-39). Most of the deletions from the Russell 3000 will drop into the Russell Microcap Index.