You are here: Home » Reuters » News
Business Standard

Wall Street weekahead - Tech to see bump in growth weighting in Russell rejig

Reuters  |  NEW YORK 

By Chuck MikolajczakNEW YORK (Reuters) - The largecap technology sector is expected to see a bump in its growth weighting when index provider FTSE Russell completes the annual refresh of its benchmarks next Friday, a move that could lift tech shares targetted in the rejig. The increased significance of tech comes on the heels of an around twenty percent gain in the sector this year which led to a pullback over the last week.FTSE Russell finalizes its annual refresh of its widely-followed indexes on June 23, a move that prompts fund managers to adjust their portfolios to reflect new ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, June 16 2017. 21:52 IST