ARI Network Services added to Russell Microcap Index
News Release
ARI Network Services, Inc. announced that it has been added to the Russell Microcap Index as part of Russell Investments’ June 27, 2014, reconstitution of its comprehensive set of U.S. and global indices.
“Inclusion in the Russell Microcap Index raises our profile within the institutional investment community, and validates the progress ARI has made since re-listing on the NASDAQ,” said Roy W. Olivier, ARI President and Chief Executive Officer.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Russell calculates more than 700,000 benchmarks daily covering approximately 98 percent of the investable market globally, 80 countries and more than 10,000 securities. Approximately $5.2 trillion in assets are benchmarked to the Russell Indexes.
Annual reconstitution of Russell Indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000 Index and Russell Microcap Index.
