MarketWise Set to Join Russell 2000® Index

Rhea-AI Summary

MarketWise, Inc. (NASDAQ: MKTW) announced its inclusion in the Russell 2000 Index, effective June 27, 2022. This milestone is expected to enhance the company’s visibility and boost confidence from the investment community, according to CEO Mark Arnold. The Russell Indexes, managed by FTSE Russell, are crucial benchmarks for investment managers, with around $12 trillion in assets linked to them. MarketWise, a provider of financial research and tools for self-directed investors, has over 15 million subscribers and aims to be a premier financial solutions platform.

Positive

• Inclusion in the Russell 2000 Index may enhance visibility and investor confidence.
• MarketWise serves approximately 15 million subscribers, indicating a strong customer base.

Negative

• None.

BALTIMORE, June 21, 2022 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today announced it is set to join the broad-market Russell 2000^® Index at the conclusion of the 2022 Russell indexes annual reconstitution, according to FTSE Russell postings in early June 2022. Inclusion in the index will take effect after the U.S. market opens on June 27, 2022.

Mark Arnold, Chief Executive Officer of MarketWise, commented, “We are pleased to be included in the Russell Index as this is another milestone for Marketwise. Membership in this index is an important step to increasing confidence from the investment community, while raising visibility and further solidifying our company in the public markets.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell's US indexes.

For more information on the Russell Indexes, please visit the FTSE Russell website.

About MarketWise

Founded with a mission to level the playing field for self-directed investors, today MarketWise is a leading multi-brand subscription services platform providing premium financial research, software, education, and tools for investors.

With more than 20 years of operating history, MarketWise is currently comprised of 12 primary customer facing brands, offering more than 175 products, and serving a community of approximately 15 million free and paid subscribers. MarketWise’s products are a trusted source for high-value financial research, education, actionable investment ideas, and investment software. MarketWise is a 100% digital, direct-to-customer company offering its research across a variety of platforms including mobile, desktops, and tablets. MarketWise has a proven, agile, and scalable platform and our vision is to become the leading financial solutions platform for self-directed investors.

MarketWise Investor Relations Contact

Jonathan Shanfield - MarketWise Investor Relations
Jamie Lillis - Solebury Trout

(800) 290-4113
ir@marketwise.com

MarketWise Media Contact
Email: media@marketwise.com

FAQ

When will MarketWise be included in the Russell 2000 Index?

MarketWise will be included in the Russell 2000 Index effective June 27, 2022.

What is the significance of MarketWise joining the Russell 2000 Index?

Joining the Russell 2000 Index is expected to enhance MarketWise's visibility and raise confidence among investors.

How many subscribers does MarketWise have?

MarketWise has approximately 15 million free and paid subscribers.

What does MarketWise do?

MarketWise provides premium financial research, software, education, and tools for self-directed investors.

What is the estimated asset value benchmarked against Russell Indexes?

Approximately $12 trillion in assets are benchmarked against Russell's US indexes.