The Russell Top 50 Index also known as the Russell Top 50 Mega Cap is a stock market index that measures the performance of the largest companies in the Russell 3000 Index. It includes approximately 50 of the largest securities based on a combination of their market cap and current index membership and represents approximately 40% of the total market capitalization of the Russell 3000.
The index was launched on January 1, 2005 by Russell Investments and is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group. Its ticker symbol is ^RU50.
Investing Prior to January 27, 2016, the index was tracked by an exchange-traded fund, the Guggenheim Russell Top 50 Mega Cap ETF ().Guggenheim Investments page on XLG The ETF switched to the S&P 500 Top 50 Index.
Top 10 holdings Apple Inc. () Microsoft Corp () Amazon.com () Meta Platforms () Alphabet Inc Class A () Alphabet Inc Class C () Berkshire Hathaway Inc () Johnson & Johnson () Procter & Gamble () Visa Inc. () (as of October 31, 2020)
Top sectors by weight Technology Consumer Discretionary Health Care Industrials Financials
See also S&P 100 Russell 2000 Index Russell 1000 Index Russell Top 200 Index
References
External links
Index Construction and Methodology Google Finance page for RU50