News Article
Avago Joins the Russell 1000 Index
The firm has joined both the Russell 1000 & 3000 indexes which focus on objective, market capitalization and style.
Avago Technologies has been added to the large-cap Russell 1000 Index, effective after the close of the equity markets on June 25, 2010.
“Membership in the Russell 1000 Index represents another milestone for Avago,” said Doug Bettinger, Avago’s SVP Finance and CFO. “Inclusion reflects Avago’s place in the market after our IPO in August 2009 and we are pleased to be included.”
Annual reconstitution of Russell’s U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. Russell determines membership for its equity 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 both passive and active investment strategies.
