June 27, 2011
Sify Technologies Limited (NASDAQ Global Markets: SIFY),
a leader in Enterprise Network and IT Services in
with global delivery capabilities and a pioneer in consumer Internet services with global delivery capabilities, today announced it has been added to the Russell Global Index effective at the close of the US Markets on
June 24, 2011
when Russell Investment Group reconstituted its family of U.S. indexes.
Membership in the Russell Global Index, which remains in place for one year, means automatic inclusion in the large-cap
1000 Index or small-cap
2000 Index as well as the appropriate growth and style indexes. Russell determines membership for its equity indexes primarily by objective, market capitalization rankings and style attributes.
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
in assets is currently benchmarked to them. Investment managers who oversee these funds purchase shares of member stocks according to that company'’s weighting in the particular index.
The Annual reconstitution of
indexes captures the 3,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the
3000. The largest 1,000 companies in the ranking comprise the
1000 while the remaining 2,000 companies become the widely used
2000. Sify Technologies expects to be included in the Russell Global Index.
These investment tools originated from
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.
About Sify Technologies