It's a preliminary assessment but we'll know soon.
<<Preliminary Reconstitutions of Russell 3000(R), Russell Global and Russell Microcap(R) Indexes Include Asterias Biotherapeutics
9:00 AM ET 6/15/15 | PR Newswire
Asterias Biotherapeutics, Inc. (NYSE MKT: AST), a biotechnology company focused on the emerging field of regenerative medicine is included in the preliminary list of additions to three Russell Investments ("Russell") indexes. According to information published by Russell, Asterias is expected to be added to the Russell 3000(R), Russell Global and Russell Microcap(R) indexes when Russell reconstitutes its comprehensive set of U.S. and global equity indexes on June 26, 2015.
The preliminary list of additions and deletions for the Russell U.S. and global equity indexes, the first public step in Russell's annual reconstitution process, was listed on the Russell website on Friday, June 12, 2015, after the U.S. stock market closed. Russell will provide further updates on the preliminary reconstitution portfolio on Friday, June 19 and 26. The final membership lists, with breakouts for the Russell 1000(R) Index, the Russell 2000(R) Index and the Russell Midcap(R) Index, will be posted June 26 after the close of the U.S. markets. The newly reconstituted Russell indexes will take effect after the close of the U.S. stock market on Friday, June 26.
Each June, the entire family of Russell U.S. and global equity indexes are realigned and recalibrated to reflect market changes in the past year. This year's rebalance impacts approximately $5.7 trillion in assets benchmarked to and more than $800 billion in assets invested in products based on them.
Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes. The Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for passive and active investment strategies. The Russell 3000(R) captures the 3,000 largest U.S. stocks as of the end of May of each year, ranking them by total market capitalization. The largest 1,000 companies in this ranking make up the Russell 1000(R) and the next largest 2,000 companies comprise the Russell 2000(R). The Russell 3000(R) also serves as the U.S. component to the Russell Global Index. The Russell Microcap(R) consists of the smallest 1,000 securities in the small-cap Russell 2000 Index, plus the next 1,000 smallest eligible securities by market cap.
