A market capitalization weighted index of the 50 largest stocks in the Russell 3000 universe of U.S.-based equities. The index can be considered a representation of mega cap stocks, as the average member's market cap is more than $175 billion. The index is reconstituted annually to account for new and growing member companies. Taobiz explains Russell Top 50 Index Because modern mega cap companies are so large, even though the index holds just 50 stocks it still represents a large proportion of all U.S. equities. For example, in 2007, the market cap of the stocks in the Russell Top 50 Index accounted for more than 40% of the total market capitalization of all U.S.-based equities. The Russell Top 50 Index also pays an above average dividend yield compared to the S&P 500, a reflection of the general safety and cash flow generation found among the largest traded companies.
A market capitalization weighted index of the largest 200 companies in the Russell 3000. The Russell Top 200 Index is a benchmark index for U.S.-based large-cap stocks; the average member has a market cap above $100 billion. The index is reconstituted annually to account for new members and growing companies. Taobiz explains Russell Top 200 Index The Russell Top 200 is a more concentrated index than the S&P 500, although most of the Russell Top 200 members are also included in the S&P. The Russell Top 200 Index represents approximately two thirds of the total market capitalization of all U.S. listed stocks.
A capitalization weighted index composed of all of the Russell 3000 stocks that are not represented in the Standard & Poor's 500 Index. The index is designed to allow investors to access the broad market for small- and mid-cap stocks without overlapping with commonly held stocks found in the S&P 500. The Small Cap Completeness Index is recalculated annually to account for both changes in the S&P 500 membership and in the Russell 3000. The average market cap for a member of the index is slightly less than $1 billion. Taobiz explains Russell Small Cap Completeness Index The range of market caps in the Completeness Index is very large; there are member companies with market caps as low as $30 million and those who top $75 billion. This is because some very large companies have yet to be included in the S&P 500, even though their market caps make them eligible.
A type of foreign bond that is issued in the Australian market by non-Australian firms and is denominated in Australian currency. The bond is subject to Australian laws and regulations.Also known as a "matilda bond." |||Foreign bonds, such as kangaroo bonds, are mainly used to provide issuers with access to another capital market outside of their own to raise capital. Also, major corporations and/or investment firms looking to diversify their holdings and improve their overall currency exposures can use kangaroo bonds to raise funds in Australian dollars. Major issuers of kangaroo bonds have typically been from the United States Germany. Other foreign bonds include samurai bonds and bulldog bonds.
An index that measures the performance of fixed-income and equity securities from domestic and international markets that consist of companies with a float of at least $100 million. Taobiz explains Salomon Brothers World Equity Index - SBWEI The Salomon Brothers World Equity Index uses a top-down approach to evaluating companies. Each security within the SBWEI index is weighted according to its float. The SBWEI index includes securities from over 6000 companies located in 22 different countries.
A bond rated 'BB' or lower because of its high default risk. Also known as a "high-yield bond" or "speculative bond". |||These are usually purchased for speculative purposes. Junk bonds typically offer interest rates three to four percentage points higher than safer government issues.
The most simplified registration form. It can only be used by companies that have been required to report under the '34 Act for a minimum of twelve months and have met the timely filing requirements set forth under Form S-2. Taobiz explains S-3 Filing The offering and issuer must meet the eligibility tests prescribed by the form before having a secondary offering.
A fixed-income index that focuses on asset-backed securities. The Lehman Brothers Asset-Backed Securities Index serves as the performance benchmark for many ABS funds. The index includes pass-through, controlled-amortization and bullet-structured securities, which have a minimum average life of one year. |||The Lehman Brothers ABS Index is a subset of the Lehman Brothers Aggregate Bond Index, a primary benchmark for bond funds. The ABS index focuses on three forms of asset-backed debt: credit cards, auto loans and home equity loans. All securities in this index are from senior classes of an issue, which means no subordinated tranches are included.