Russell Investments (www.russell.com), a subsidiary of Northwestern Mutual Life Insurance Co., provides some influential equity indices - the best known being the Russell 2000 Index - and Russell claims that over $4.4 trillion in investment assets is tied to them. There appear to be 120 index funds linked to Russell, of which 20 are Russell 2000 index funds.

On June 27 Russell will reconstitute its indices for 2008, meaning that some stocks currently included will be ditched, and new ones added. Analysts expect over 300 new companies will be added to the small-cap index, including 40 or more companies dropping down from the 1000 to the 2000. The Russell 2000 is mostly populated by small- and mid-caps.

The managers of all those Russell-linked funds will have to adjust their holdings to follow the revamped indices. An AP article reports that hedge funds and others will try to take advantage of the changes, and that analysts are already war-gaming who’s in and who’s out.

Companies added or deleted, or downgraded, will experience some volatility as funds rebalance to adjust holdings. The volatility could be severe for deleted small-cap companies with significant institutional holdings when the big holders rotate out of them. And some companies will benefit.

Financials currently make up 20% of the Russell 2000, and some of them will be ditched, another reason to be very careful of them for July expiration. For reasons explained in my new book and in newsletter articles, I don’t write covered calls on, and don’t espouse the writing of, mid-caps very often and small-caps, never.

But if you do write or trade these, be aware that you could be bushwhacked on such stocks, even before June 27 - if the market decides a company is “marked.”

Concomitant use of cialis and levitra
Thioridazine
Cialis
Purchase tramadol without a prescription
Buy Zoloft
Xanax anxiety
Phentermine no prescription
Nylidrin
Buy online salescom viagra
Alavert
Leuprolide
Flutamide
Phentermine 37.5 diet pills
Imitrex
Cheap perscription phentermine
Online pharmacy and phentermine
Phentermine hcl 37.5 mg
Canada viagra
Buy com lvivhost online viagra
Buy discount cialis
Viagra alternative for women
Phentermine delivered overnight
Purchase viagra
Tramadol drug
Senna
Protirelin
Phentermine rankings
Lexapro and xanax
Linezolid
Levivia viagra online
How fast does phentermine work
Prescriptions on line phentermine
Phentermine side effects
Amitriptyline
Levitra
Generic viagra online pharmacy
Buy Alprazolam
Vicodin and pregnancy
Phentermine blue
Free sample viagra
Herbal viagra for woman
Purchase vicodin
Picture of xanax pill
Hydrocodone info
Lotrel
Viagra success story
Cipro
L arginine natural viagra
Lamisil
Desmopressin
Adipex phentermine weight loss
Levivia vs viagra
Tramadol medication
Hydrocodone guaifenesin
Cod tramadol
Discount pharmacy phentermine purchase
Clofibrate
Cheap phentermine no shipping
Xanax 1mg
Estrogen
Kaopectate
Oxymetazoline
Buy online viagra where
Noctec
Tramadol abuse
Buying viagra
Fosamax
Good morning viagra commercial
Nicorette
Buy generic viagra online
Long term effects of xanax
Buy in online uk viagra
Neurontin
Buy vicodin
Information on the drug xanax
Phentermine prescriptions
Aprotinin
Prazosin
Ephedrine
Phentermine capsules
Tramadol without a prescription
Drug interaction sibutramine and phentermine
Viagra cheap
Phentermine sale
Drug interaction xanax and holy basil
Viagra from canada
Pyrimethamine
Viagra 100 mg
Buy vicodin online
Belladonna
Drug laws ohio diet phentermine
Dactinomycin
Discount drug viagra
Meclizine
Best herbal viagra
Ambien addiction
Phentermine no perscription
Viagra kaufen
Tripelennamine
Ticarcillin
Adipex phentermine pill
Luvox and xanax
Phenylephrine
Blue diet phentermine pill
Xanax for dogs
Drug interactions tramadol elavil
Vicodin m360
Buy in phentermine uk
Lowest price phentermine
Clopidogrel
Crohns phentermine
Guanfacine
Ativan re valium vs vs xanax
Tussionex
Purchase phentermine
Uk cheapest viagra
Enalapril
Hydroxychloroquine
Avalide
Discount vicodin
Compare viagra cialis levivia
Carbachol
Hyzaar
Buy phentermine online cash on delivery
Diamox
Trileptal
Tinzaparin
Buy viagra canada
Naratriptan
Methocarbamol
Buy phentermine shipped usps
Chlorpheniramine
Estrace
Takin prozac and xanax
Probucol
Bactrim phentermine
Viagra online ordering
Biperiden
Furosemide
Meridia
Buy viagra order viagra
Piperacetazine
Cialis drug interactions
Phentermine diet
Phentermine warning
Drug interactions with cocaine and viagra
Shipping overnight phentermine
Viagra in canada
Methotrexate
Phentermine international order

This entry was posted on Sunday, June 1st, 2008 at 10:13 pm and is filed under Covered Calls, Markets/Economy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.