Allison Transmission Holdings, Inc. joined the Russell Global Index when Russell Investments reconstituted its comprehensive set of global equity indexes on June 25.
Membership in the Russell Global Index, which remains in place for one year, means automatic inclusion in the appropriate large-cap, small-cap, all-cap indexes as well as the applicable style, sector and country indexes. Russell says it determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
“We are very pleased to join the Russell Global Index. The inclusion of Allison Transmission in the Russell Global Index is an important milestone for our company. In addition, it represents a significant opportunity for our company to broaden its shareholder base,” says Lawrence E. Dewey, chairman, president and CEO of Allison Transmission.
Russell says it indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies.