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FUQI International added to U.S. Small-Cap Russell 2000 Index
02 Jul '08
2 min read
FUQI International Inc announced that it was added to the U.S. Small-Cap Russell 2000 Index after the equity markets closed on June 27th as Russell Investments reconstituted its comprehensive family of global indexes.
Membership in the Russell 2000, which remains in place for one year, is based on membership in the broad-market Russell 3000 index. The stock also was added systematically to the appropriate growth and value indexes.
Yu Kwai Chong, Chairman of Fuqi International, stated, ''Joining the Russell indexes is a great moment in our company's history.
Our addition is a reflection of the progress we have made since we listed our shares on the Nasdaq Stock Market in October 2007.
We believe that our inclusion in these indexes will help increase our visibility among investors and contribute to our efforts to increase shareholder value.''
The Russell 3000 also serves as the U.S. component to the Russell Global Index, which Russell launched last year.
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 $4.4 trillion in 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.
Membership in the Russell 2000, which remains in place for one year, is based on membership in the broad-market Russell 3000 index. The stock also was added systematically to the appropriate growth and value indexes.
Yu Kwai Chong, Chairman of Fuqi International, stated, ''Joining the Russell indexes is a great moment in our company's history.
Our addition is a reflection of the progress we have made since we listed our shares on the Nasdaq Stock Market in October 2007.
We believe that our inclusion in these indexes will help increase our visibility among investors and contribute to our efforts to increase shareholder value.''
The Russell 3000 also serves as the U.S. component to the Russell Global Index, which Russell launched last year.
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 $4.4 trillion in 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.
FUQI International Inc
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