Heliogen, Inc. Set to Join Russell 3000® Index
Heliogen, Inc. is set to join the Russell 3000 Index effective June 27, 2022, as confirmed by FTSE Russell on June 17. This membership highlights the company's growth since its public listing in December. Inclusion in the Russell 3000 Index grants access to wider investment opportunities, as it categorizes the company within large-cap or small-cap indexes. Approximately $12 trillion in assets are benchmarked against Russell's indexes, showcasing their significance in the investment community.
- Inclusion in the Russell 3000 Index enhances visibility among investors.
- Access to wider investment opportunities in large-cap or small-cap indexes.
- Affirms the company's growth and progress since public listing.
- None.
Membership in the US all-cap Russell 3000® Index, 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. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
“The inclusion of
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 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
About
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.
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Heliogen Investor Contact:
VP, Investor Relations
Louis.Baltimore@heliogen.com
Heliogen Media Contact:
HeliogenPR@icrinc.com
Source:
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