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Russell 2000 Index

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Russell 2000 Index
An index, weighted for market capitalization, of 2,000 small cap, publicly-traded companies. It is considered the premier benchmark for small cap mutual funds. It is managed by the Russell Investment Group. See also: Russell 3000 Index, Russell 1000 Index.

Russell 2000 Index. The Russell 2000 Index, published by the Frank Russell Company tracks the stocks of the 2,000 smallest companies in the Russell 3000 index.

The index includes many of the initial public offerings (IPOs) of recent years and is considered the benchmark index for small-cap investments.



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Over the past five years the Russell 2000 index of small American companies has a 94 percent correlation with the S&P 500, the main Wall Street index.
Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in additional Russell Indexes such as the Russell 2000 Index and the Russell Microcap Index.
In addition, Irvine, California-based New Century Financial Corporation announced that it will continue to be a composite member of the Russell 2000 Index for 2002.
 
 
 
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