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Preliminary changes to Russell 3000, Russell Microcap released

FTSE Russell disclosed preliminary additions to, and deletions from, the Russell 3000 and Russell Microcap indexes.

For the Russell 3000 index, 39 financial services companies will be added, while 11 are set to be deleted, according to the preliminary list. For the Russell Microcap index, 33 financial services companies are slated to be added, while 15 are projected to leave the index.

The total market cap for the Russell 3000 index increased nearly 13% year over year to $30.7 trillion, according to a press release.

The newly reconstituted indexes will be updated June 15 and then June 22, when the indexes are scheduled to complete their annual rebalancing exercise.