Broadwind to Join Russell Microcap® Index
Broadwind (NASDAQ: BWEN) announced its inclusion in the Russell Microcap Index effective June 28, 2021, following the annual reconstitution of Russell indexes. This membership signifies a substantial milestone for the company, allowing it automatic inclusion in relevant growth and value style indexes. Russell indexes, managed by FTSE Russell, are benchmarks for approximately $10.6 trillion in assets, widely utilized by institutional investors. Broadwind specializes in manufacturing components for clean energy and other sectors.
- Inclusion in the Russell Microcap Index can enhance visibility and attract institutional investors.
- Automatic inclusion in growth and value style indexes may positively influence stock performance.
- None.
CICERO, Ill., June 09, 2021 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, with an emphasis on serving clean energy markets, today announced that it is set to join the Russell Microcap Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4.
Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately
For more information on the Russell Microcap® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
ABOUT FTSE RUSSELL
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit www.ftserussell.com.
ABOUT BROADWIND
Broadwind (NASDAQ: BWEN) is a precision manufacturer of structures, equipment and components for clean tech and other specialized applications. With facilities throughout the U.S., our talented team is committed to helping customers maximize performance of their investments—quicker, easier and smarter. Find out more at www.bwen.com.
CORPORATE CONTACT
Jason Bonfigt
Investor@BWEN.com
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