The $2 trillion includes assets benchmarked against the broad-market Russell 3000Â® Index, the large-cap Russell 1000Â® Index and the small-cap Russell 2000Â® Index. The $1.4 trillion in institutional assets corresponds to a 43.1 percent share of total benchmarked institutional assets, up from 38.9 percent in 2003 and 28.1percent in 2002. In addition, Russell's style indexes remain the benchmark of choice for active portfolios, accounting for 97% of growth and value oriented products and assets.
"The amount of assets benchmarked against Russell continues to grow at a rapid pace and this milestone reconfirms our position as the fastest growing indexes in the business," said Kelly Haughton, strategic director of Russell indexes. "We originally created our indexes as a tool to measure investment manager performance and we utilize an objective, transparent process in their development. We believe that the significant growth in the use of Russell indexes is a reflection of our continued commitment to providing investors with the most accurate picture of the U.S. equity market."
This year marks the 20th anniversary of Russell indexes. Russell employs its indexes to objectively evaluate investment managers for multi-manager funds and other investment services.