Dave Savastano06.20.11
Identive Group, Inc. announced that it has qualified for and been selected to join the Russell Global Index when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes on June 24, 2011, according to a preliminary list of additions posted June 10, 2011.
Annual reconstitution of Russell’s U.S. indexes captures and ranks the 4,000 largest U.S. publicly traded stocks as of the end of May by total market capitalization. Membership in the Russell Global Index, which remains in place for one year, means automatic inclusion in the appropriate large-cap, small-cap, all-cap indexes as well as the applicable style, sector and country indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
Ayman S. Ashour, chairman and CEO of Identive Group, said, “There is no index family in the world that rivals the size, credibility and buying power of the Russell group. Inclusion in its indices will not only likely broaden our shareholder base and market exposure, but we believe it will drive demand for our stock, as index buyers rebalance their portfolios in the weeks ahead. We are pleased to be included in this year’s Russell Global.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $3.9 trillion in institutional assets currently are benchmarked to them. These investment tools originated from Russell’s multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.
Annual reconstitution of Russell’s U.S. indexes captures and ranks the 4,000 largest U.S. publicly traded stocks as of the end of May by total market capitalization. Membership in the Russell Global Index, which remains in place for one year, means automatic inclusion in the appropriate large-cap, small-cap, all-cap indexes as well as the applicable style, sector and country indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
Ayman S. Ashour, chairman and CEO of Identive Group, said, “There is no index family in the world that rivals the size, credibility and buying power of the Russell group. Inclusion in its indices will not only likely broaden our shareholder base and market exposure, but we believe it will drive demand for our stock, as index buyers rebalance their portfolios in the weeks ahead. We are pleased to be included in this year’s Russell Global.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $3.9 trillion in institutional assets currently are benchmarked to them. These investment tools originated from Russell’s multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.