This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Remy International, Inc. Added To Russell Indexes

PENDLETON, Ind., July 29, 2013 /PRNewswire/ -- Remy International, Inc. (NASDAQ: REMY), a leading worldwide manufacturer, remanufacturer, and distributor of starters and alternators for light vehicle and commercial vehicle applications, locomotive products and hybrid electric motors, announced it was added to the Russell Global Index, Russell 3000 Index and Russell Microcap Index as part of Russell Investments' annual index reconstitution on June 28, 2013.  

Jay Pittas, Remy International, Inc. President and CEO commented, "We are very pleased to be included in the widely referenced Russell Indexes, which further reflects our continued positive momentum and efforts to increase shareholder value.  We expect our inclusion will raise our profile and provide exposure to a broader base of institutional investors.  Interest in Remy has continued to grow since our NASDAQ listing and trading volumes have been steadily increasing." 

Russell Indexes are widely used by investment managers and institutional investors for both index funds and benchmarks for both passive and active investment strategies.  Approximately $4.1 trillion in assets currently are benchmarked to them. 

The Russell Global Index, which captures approximately 98% of investable securities globally, is reconstituted annually and all sub-indexes are recalibrated simultaneously to accurately measure current market realities for each market segment. 

The Russell 3000 serves as the U.S. component to the Russell Global Index.  Annual reconstitution of Russell's U.S. indexes captures the 4,000 largest U.S. stocks at the end of May, ranking them by total market capitalization.  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 as well as the appropriate growth and value style indexes. 

Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes.  Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes. 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs