|on the Russell rebalance following the close June 23:|
Tech to see bump in growth weighting in Russell rejig
BY CHUCK MIKOLAJCZAK, REUTERS - 9:17 PM ET 6/16/2017
One widely-followed stock that will not be joining a Russell index yet is Snap Inc. Due to the company's unusual share structure, Russell is withholding a decision until after the rebalance until an analysis and comment period from the investment community is completed.
"We need to look at it because there is a potentially a trend for these types of offerings, particularly technology companies," said Mat Lystra, senior research analyst at FTSE Russell in Seattle.