The Russell Top 50 Index also known as the Russell Top 50 Mega Cap is a
stock market index
In finance, a stock index, or stock market index, is an Index (economics), index that measures the performance of a stock market, or of a subset of a stock market. It helps investors compare current stock price levels with past prices to calcul ...
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
FTSE Russell is a subsidiary of London Stock Exchange Group (LSEG) that produces, maintains, licenses, and markets stock market indices. The division is notable for the FTSE 100 Index in the UK and the Russell 2000 Index in the US, among others. ...
, a subsidiary of the London Stock Exchange Group. Its
ticker symbol is ^RU50.
Investing
Prior to January 27, 2016, the index was tracked by an
exchange-traded fund
An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges. ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or comm ...
, the
Guggenheim Russell Top 50 Mega Cap ETF (). The ETF switched to the S&P 500 Top 50 Index.
Top 10 holdings
*
Apple Inc.
Apple Inc. is an American multinational corporation and technology company headquartered in Cupertino, California, in Silicon Valley. It is best known for its consumer electronics, software, and services. Founded in 1976 as Apple Comput ...
()
*
Microsoft Corp ()
*
Amazon.com ()
*
Meta Platforms
Meta Platforms, Inc. is an American multinational technology company headquartered in Menlo Park, California. Meta owns and operates several prominent social media platforms and communication services, including Facebook, Instagram, Threads ...
()
*
Alphabet Inc Cl A ()
*Alphabet Inc Cl C ()
*
Berkshire Hathaway Inc ()
*
Johnson & Johnson
Johnson & Johnson (J&J) is an American multinational pharmaceutical, biotechnology, and medical technologies corporation headquartered in New Brunswick, New Jersey, and publicly traded on the New York Stock Exchange. Its common stock is a c ...
()
*
Procter & Gamble
The Procter & Gamble Company (P&G) is an American multinational consumer goods corporation headquartered in Cincinnati, Ohio. It was founded in 1837 by William Procter and James Gamble. It specializes in a wide range of personal health/con ...
()
*
Visa Inc. ()
(as of October 31, 2020)
Top sectors by weight
* Technology
* Consumer Discretionary
* Health Care
* Industrials
* Financials
See also
*
S&P 100
*
Russell Investments
*
Russell 2000 Index
*
Russell 1000 Index
*
Russell Top 200 Index
References
{{reflist
External links
Russell IndexesRussell Investment GroupIndex Construction and MethodologyYahoo! Finance page for ^RU50
American stock market indices