Financial Services Takes Lead in Russell 3000 Weighting
As of December 29, 2000, the technology sector comprised 20.2% of the Russell 3000, but as of December 27, 2010, it had dropped to second place. Financial services ranks first with a 17.3% weight as of December 27, 2010, according to a press release, while the materials and processing sector in the Russell 3000 continues to hold the lowest weighting (December 29, 2000: 2.9%, December 27, 2010: 4.8%).
In developed markets outside the United States, as reflected by the Russell Developed ex-U.S. Index, financial services also ranks as the most heavily weighted sector, reflecting a weight of 24% as of December 27, 2010, as it did at the end of 2000. Technology (December 29, 2000: 12.8%, December 24, 2010: 6%) and utilities (December 29, 2000: 13.2%, December 27, 2010: 7.9%) have seen their weightings decrease significantly since the start of the current decade.
Technology holds the lowest weighting in the Russell Developed ex-U.S. Index (6%).
| Russell 3000 Index | Russell Developed ex-U.S. Index | |||||
| Russell Index Sectors | Sector Weights December 29, 2000 | Sector Weights December 27, 2010 | Sector Weights December 29, 2000 | Sector Weights December 27, 2010 | ||
| Technology | 20.2% | 16.7% | 12.8% | 6.0% | ||
| Health Care | 14.8% | 11.2% | 7.1% | 6.6% | ||
| Consumer Discretionary | 12.0% | 13.0% | 13.6% | 10.8% | ||
| Consumer Staples | 6.3% | 8.0% | 5.1% | 8.2% | ||
| Energy | 6.3% | 11.1% | 6.7% | 9.6% | ||
| Materials & Processing | 2.9% | 4.8% | 9.0% | 14.5% | ||
| Producer Durables | 8.8% | 12.0% | 8.9% | 12.4% | ||
| Financial Services | 19.8% | 17.3% | 23.5% | 24.0% | ||
| Utilities | 8.8% | 5.9% | 13.2% | 7.9% | ||