Meta Platforms’ return to growth index highlights annual Russell refresh

The so-called Russell Reconstitution is important because it causes portfolio managers to scramble to readjust their holdings to better align with their benchmarks – and it often results in one of the heaviest stock trading days of the year. — Reuters

NEW YORK: Meta Platforms will return to its former status as a full growth stock after financial data provider FTSE Russell finishes its annual shakeup of its stock index components today.

The so-called Russell Reconstitution is important because it causes portfolio managers to scramble to readjust their holdings to better align with their benchmarks – and it often results in one of the heaviest stock trading days of the year.