Russell remake and G20 leave Wall Street primed for blowout volume

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Russell remake and G20 leave Wall Street primed for blowout volume
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U.S. equity markets are set up for a blast of volume on Friday, as investors pre...

“It is always one of the biggest trading days of the year,” said Nicholas Colas, co-founder at DataTrek Research in New York. “To me the one really different thing is this G20 meeting, and we are seeing the effect it has on market sentiment and anything can happen in Osaka.”

As of Dec. 31, 2017, about $9 trillion was benchmarked to or invested in products based on Russell U.S. indexes, according to FTSE Russell’s most recent data. Approximately $1.2 trillion are in passive investment products such as exchange traded funds and mutual funds. Due to the size of the trade and the number of stocks involved, FTSE Russell takes steps to be transparent to market participants regarding its methodology for inclusion, which includes factors such as market capitalization, home country and company structure, while also releasing preliminary lists of stocks that may be affected.

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