China Wonder Auto Joins Russell 3000 and MicroCap Index
2008-06-19 Source：english.chinabuses.com
Summarize：JINZHOU CITY, China -- Wonder Auto Technology, Inc. , a leading manufacturer of automotive electrical and suspension parts in China, today announced that it is set to join the Russell 3000 Index and R ...
JINZHOU CITY, China -- Wonder Auto Technology, Inc. , a leading manufacturer of automotive electrical and suspension parts in China, today announced that it is set to join the Russell 3000 Index and Russell MicroCap Index when Russell Investments reconstitutes its indexes on June 27, 2008, according to a preliminary list of additions posted June 13, 2008 on https://www.russell.com.
The Russell 3000 Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization, which represents approximately 98% of the investable U.S. equity market. These indexes are value-weighted and include only common stocks belonging to corporations incorporated in the United States and its territories. The 2008 reconstitution of the Russell Indexes will take place after the markets close on June 27, 2008. The new indexes will be effective for one year.
"We are very excited to join the Russell 3000 and Russell MicroCap. Our inclusion in the Russell Indexes will expand our visibility to the investment community as we continue to grow in the future," commented Mr. Qingjie Zhao, Chief Executive Officer of Wonder Auto Technology. "We remain committed to building a highly respected auto parts brand recognized not only domestically but also internationally."
The reconstitution is usually one of the most highly-anticipated and heaviest trading days in the US equity markets, since buying and selling activities of asset managers are influenced by index component changes. As a result, being added to or deleted from the Russell Indexes, as well as variations in the weightings in the indexes, affect the market demand for the stocks of component companies.
About Russell
Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks and a range of institutional-quality investment products. Russell has more than $213 billion in assets under management as of March 31, 2008, and serves individual, institutional and advisor clients in more than 40 countries. Russell's industry-leading indexes had $4.4 trillion in assets benchmarked to them as of Dec. 31, 2007. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.
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