CUI Global, Inc. today announced that it is set to join the broad-market Russell 2000® Index when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes on June 27, according to a preliminary list of additions posted June 13th. The company became a member of the Russell Investments family of U.S. indexes, specifically the Russell Microcap® Index, effective June 25, 2012.
“CUI Global’s contemplated addition to this highly respected Index will be yet another milestone for the company,” explained CUI Global’s president & CEO, William Clough. “Graduating from the Russell Microcap Index to the Russell 2000 Index, will demonstrate our continued growth and will certainly enhance awareness of CUI Global to a larger number of institutions and investors by increasing the visibility of our company.”
“The Russell Global Indexes continue to be an important and critically weighted investment tool that examines trends in relatively smaller companies. Listing on the Russell 2000 Index will continue our strategic goal of building a larger shareholder base to increase volume, awareness, and, thereby, share value,” Clough concluded.
Russell Global Indexes provide institutional investors insight into complex global markets. Representing 98% of the investable universe, Russell Global Indexes reflect the performance of over 10,000 securities in 47 countries. Membership in the Russell 2000 Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes.
The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000 Index is a subset of the Russell 3000® Index representing approximately 10% of the total market capitalization of that index. The Russell 2000 is constructed to provide a comprehensive and unbiased small-cap barometer and is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small-cap opportunity set.