On June 30, 2025, Payoneer Global Inc. was removed from multiple Russell indexes. These include the Russell 2000 Growth-Defensive Index, Russell 2000 Defensive Index, and Russell 3000E Value Index. The company was also dropped from the Russell 2000 Value Index and Russell 2000 Value-Defensive Index.
Further removals included the Russell 3000 Value Index, Russell 2500 Value Index, and Russell Small Cap Comp Value Index. These changes are part of the routine rebalancing process for the Russell family of indexes. Such removals can impact institutional investment in the company.
Inclusion or exclusion from major indexes often influences investment strategies for funds tracking these benchmarks. The removal from these various Russell indexes may lead to adjustments in portfolio holdings by passive and active funds. This development reflects a reclassification within the broader market index structure.
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