Pagaya Technologies Ltd. was added to several Russell Growth indices, including the Russell 3000 Growth Index, Russell Small Cap Comp Growth Index, Russell Microcap Growth Index, Russell 3000E Growth Index, and Russell 2500 Growth Index. This reclassification reflects a shift in how the market categorizes Pagaya, moving it from value-oriented benchmarks to growth-focused ones.
Concurrently, Pagaya was dropped from various Russell Value indices, such as the Russell Microcap Value Index, Russell 3000E Value Index, Russell 2000 Value Index, Russell 2500 Value Index, and Russell Small Cap Comp Value Index. These changes are part of the annual rebalancing of the Russell indices.
The inclusion in growth indices signals that Pagaya's business model, characterized by its AI-driven product solutions and expanding financial ecosystem, is increasingly recognized for its growth potential. This rebalancing can influence institutional investment flows and investor perception.
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