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ESGY - Magnificent Seven Drive 2023 U.S. Large Caps - And Spotlight Index Profitability Rules
American Century Sustainable Growth ETF
2024-02-03 00:17:00 ET
Summary
The rise of the Magnificent Seven marks a shift in the type of company that grows to become a mega cap.
Index methodology that requires a history of profitability would make these companies ineligible for index inclusion.
Some of the top performing Russell 1000 constituents in 2023 didn’t report four consecutive quarters of profitability—shedding light on how different methodology can impact index performance.
By Catherine Yoshimoto, Director, Product Management ...