Application Deployment Featured Article

NEI to Join the Russell 3000 Index

June 28, 2010


NEI, which sells served-based application platforms, appliances and lifecycle support services to the software developers and OEM market, will join the broad-market Russell 3000 Index.

The change will occur, NEI officials say, "when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes on June 25." The change appears already on a preliminary list of additions posted June 11 on

'The addition to the Russell 3000 and Russell Microcap indexes increases the credibility and the visibility of NEI within the investment community,' said Greg Shortell, president and CEO of NEI.

For those who, like this reporter, may not be familiar with the index, the annual reconstitution of Russell's U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. They're popular among investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies.

Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index, evidently, as well as "the appropriate growth and value style indexes,' NEI officials say.

Russell officials say they determine membership for their equity indexes "primarily by objective, market-capitalization rankings and style attributes."

The Russell 3000 also serves as the U.S. component to the Russell Global Index, which Russell launched in 2007.

There is currently $3.9 trillion in assets 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," according to Russell officials.

Russell has $179 billion in assets under management as of March 31, 2010. It is a subsidiary of The Northwestern Mutual Life Insurance Company.

David Sims is a contributing editor for TMCnet. To read more of David's articles, please visit his columnist page. He also blogs for TMCnet here.

Edited by Marisa Torrieri

Featured Case Study

UNICOM Engineering Helps Bandura®, a TechGuard Security® Company, Expand Globally
Bandura® is a wholly owned subsidiary of Techguard Security®, which provides technologies and services that protect critical networks from cyber attack. Its flagship product, developed by TechGuard, is the PoliWall® appliance, a hardware device that sits between firewalls and edge routers to stop threats at the network edge by blockingmalicious traffic...

Featured Webinars

Featured Datasheets

S-1600 R3 High Reliability, Single CPU Systems
UNICOM Engineering’s S-1600 R3 offers high-reliability in a single CPU package...

E-1800 R3 - High-Reliability, Medium-Density Communications Systemss
UNICOM Engineering’s E-1800 R3 communications appliance delivers the industry’s best combination of high-performance and high-reliability for medium density applications...

N-2500 R5 - Next Generation Carrier-Class Application Platform
UNICOM Engineering’s N-2500 R5 Carrier Grade Server combines performance, ruggedness, reliability, and long life in a NEBS-3 and ETSI-compliant 2U chassis...

Popular Articles