Ideanomics Inc (IDEX)

[esb1015]

YOU On Demand Joins Russell Microcap Index

Last update: 6/26/2012 9:00:00 AMNEW YORK, June 26, 2012 /PRNewswire via COMTEX/ -- YOU On Demand Holdings, Inc. (YOD), China's leading national Pay-Per-View (PPV) and Video On Demand (VOD) platform, announced today that it has joined the Russell Microcap® Index following Russell Investments reconstitution of its family of U.S. indexes. A full and final membership list is available at Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. 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. In the institutional marketplace, an industry-leading $3.9 trillion in assets currently are benchmarked to them. Russell calculates more than 80,000 benchmarks daily covering approximately 98 percent of the investable market globally, 83 countries and more than 10,000 securities. Annual reconstitution of Russell Indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000® Index and Russell Microcap Index. These investment tools originated from Russell's multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.