News

29 June 2010

 

Oclaro added to Russell 3000 Index

Optical component, module and subsystem maker Oclaro Inc of San Jose, CA, USA has been added to the Russell 3000 Index following the Russell Investment Group’s annual reconstitution of its family of US indices.

“Our addition to the Russell 3000 Index is one more reflection of our progress in delivering shareholder value while executing towards our business model targets over the last year,” says president & CEO Alain Couder. “Inclusion in this index should increase our visibility with a broader universe of investors that use the Russell indexes as part of their investment criteria,” he believes.

Russell indexes are used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies ($3.9 trillion in assets are currently benchmarked to them).

Annual reconstitution of Russell’s US indexes captures the 4000 largest US stocks as of the end of May, ranking them by total market capitalization. Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in the small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. The Russell 3000 also serves as the US component to the Russell Global Index, which Russell launched in 2007.

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