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 equity indexes primarily by objective, market-capitalization rankings and style attributes.
We are honored for this inclusion into the Russell Microcap Index, said Jim Nelson, CEO of Solar3D. This event reflects the Companys strategic execution that led to significant growth, and now widens the visibility of our investment profile with a broader group of investors. We will continue to focus our efforts on the identifying acquisitions, achieving revenue, and enhancing our shareholder value.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $5.7 trillion in assets are benchmarked to the Russells U.S. indexes. Russell Indexes are part of FTSE Russell, a leading global index provider.
The Russell Microcap Growth Index measures the performance of the microcap growth segment of the U.S equity market, a select group of small-cap U.S. equity shares. It includes approximately 1000 of the smallest securities by market capitalization in the small-cap Russell 2000 Index. The Russell 2000 is reconstituted each year to maintain an accurate representation of the small capitalization universe, with membership in the Index conferred for one year.
