The FTSE Russell indexes will reshuffle its benchmarks, with Meta, Netflix and PayPal moving into the Russell 1000 Value Index as their weights lighten up in the Russell 1000 Growth index, and GameStop will also jump to the value index while losing its spot in the growth index, reports an article
in The Wall Street Journal. Pinterest, Zoom, Moderna and software company Okta are also jumping into the value index while remaining in the growth index. So far this year, the Russell 1000 Growth Index is down 28%, close to its worst performance in 20 years.