UNITED KINGDOM: FTSE Russell Introduces Russell 3000 Fixed Income Index

Friday November 4 2022

On 2^nd November 2022, the Financial Times Stock Exchange (FTSE) Russell announced the launch of a new Russell 3000 Fixed Income Index and Russell 1000 Fixed Income and Russell 2000 Fixed Income sub-indices.

• Centred on debt issued by Russell 3000 issuers, the index brings a unique lens to corporate benchmarking and avoids the unintended risks of foreign asset exposures within US corporate portfolios.
• Provides a passive ‘crossover’ element which captures corporate bonds straddling US investment-grade and high-yield markets.
• Aligns in selection and reporting with its equity counterpart and should resonate with multi asset investors who seek a balanced portfolio across US equity and fixed income assets.

The Russell 3000 Fixed Income Index includes debt of public companies in the Russell 3000 and their US subsidiaries. The index supports multi-asset strategies, and cross-sector research, and tracks performance by the ICB industry classification.

The Russell 1000 Fixed Income Index captures debt of public companies in the Russell 1000 and their US subsidiaries and is a sub-index of the Russell 3000 Fixed Income index.

The Russell 2000 Fixed Income Index comprises debt of public companies in the Russell 2000 and their US subsidiaries and is a sub-index of the Russell 3000 Fixed Income Index. The index is uniquely positioned to support the needs of private equity investors to track fixed income component of private equity.

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