Russell Rebalance – What You Need to Know

May 19, 2015 By Nicholas Colas
Nicholas Colas

Every May/June, Russell goes through the process of rebalancing their indices, and we are quickly coming up to an important series of deadlines in that workflow.  Today, with a lot of help from the Convergex Portfolio Trading group, we summarize what this all means. Two key takeaways. One, Health Care sees the largest changes of any sector with many names moving from the 2000 to the 1000.  Two, several hundred individual names stand to move into/out of the Russell 2000 across all industry groups. 

Read More

Golf, CEOs & Sports Celebrity Marketing

May 18, 2015 By Nicholas Colas
Nicholas Colas

Many multi-billion dollar companies focus their marketing strategies on celebrity endorsements, but does this actually help a firm’s profitability? And while company investments in professional golfers may prove profitable, selecting a CEO with an above average number of booked tee times often inversely correlates with operating performance and firm values. 

Read More