Russell Top 200 Growth Index
The term Russell Top 200 Growth Index refers to a composite that includes large cap companies located in the United States that also exhibit a growth probability. The Russell Top 200 Growth is published and maintained by FTSE Russell.
The Russell Top 200 Index is designed to measure the performance of the large capitalization companies in the United States equities market. The index is a composite of roughly 200 securities issued by the largest companies in the U.S. in terms of market capitalization. The Russell Top 200 Growth Index is a subset of the securities found in the Russell Top 200 Index. At the time of writing, there were approximately 140 securities in the Russell Top 200 Growth Index. The stocks included in the growth index are selected based on a "probability" of growth as measured by their Institutional Brokers' Estimate System (I/B/E/S) forecast of medium-term growth (2 year), and sales per share historical growth (5 year).
First launched on February 1, 1995, the companies included in the index are selected based on float-adjusted market capitalization. On the last trading day of May, FSTE Russell ranks eligible companies based on their total market capitalization values. On the last Friday of June, the index is reconstituted. To be eligible for inclusion in a U.S. equity market index, the securities must trade on the NYSE, NYSE MKT, NASDAQ, or ARCA exchanges. The performance of this index can be monitored via the iShares Russell Top 200 Growth ETF ticker symbol IWY:US.