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Russell 3000 Index includes Unifi
01 Jul '08
2 min read
Unifi Inc announced that it has been selected for inclusion in the Russell 3000 Index with the annual reconstitution of Russell Investments' family of U.S. indexes, which was released on June 27, 2008.
The Russell 3000 Index measures the performance of the largest 3,000 U.S. companies representing approximately 98 percent of the investable U.S. equity market and is constructed to provide a comprehensive, unbiased and stable barometer of the broad market.
Bill Jasper, President and CEO of Unifi, said, "Rejoining the Russell 3000 Index is a tribute to the operational progress made by our new leadership team over the past year.
The team created a plan to improve the long-term profitability of the Company, and the positive momentum we have seen in our results demonstrates the initial success of the plan.
We are confident that our selection to the Russell 3000 Index will help increase the Company's visibility among a broader base of investment managers and institutional investors."
Launched in 1984, Russell provides the leading U.S. equity index family for institutional investors with more than $4.4 trillion in investment assets benchmarked against them.
The annual reconstitution of Russell's U.S. indexes is based on the ranking of the largest U.S. stocks based on total market capitalization as of the end of May 2008.
Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes, and membership remains in place for one year.
The Russell 3000 Index measures the performance of the largest 3,000 U.S. companies representing approximately 98 percent of the investable U.S. equity market and is constructed to provide a comprehensive, unbiased and stable barometer of the broad market.
Bill Jasper, President and CEO of Unifi, said, "Rejoining the Russell 3000 Index is a tribute to the operational progress made by our new leadership team over the past year.
The team created a plan to improve the long-term profitability of the Company, and the positive momentum we have seen in our results demonstrates the initial success of the plan.
We are confident that our selection to the Russell 3000 Index will help increase the Company's visibility among a broader base of investment managers and institutional investors."
Launched in 1984, Russell provides the leading U.S. equity index family for institutional investors with more than $4.4 trillion in investment assets benchmarked against them.
The annual reconstitution of Russell's U.S. indexes is based on the ranking of the largest U.S. stocks based on total market capitalization as of the end of May 2008.
Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes, and membership remains in place for one year.
Unifi Inc
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