SAN DIEGO, June 25, 2020 /PRNewswire/ -- Turtle Beach
Corporation (Nasdaq: HEAR), a leading gaming audio and
accessory provider, today announced it is set to join the
broad-market Russell 3000® Index. Inclusion will
commence at the conclusion of the 2020 Russell Indexes annual
reconstitution and take effect after the US equity market opens on
June 29, 2020, according to a
preliminary list of additions posted June 5,
2020.
The annual Russell Indexes reconstitution captures the 4,000
largest US stocks as of May 8, 2020,
ranking them by total market capitalization. Membership in the US
all-cap Russell 3000® Index, 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. FTSE Russell determines membership for its Russell
indexes primarily by objective, market capitalization rankings and
style attributes.
"Inclusion in the Russell indexes reflects our continued growth
and complements our long-time leadership position in the video game
accessories market," said Juergen
Stark, CEO of Turtle Beach. "Turtle Beach's common shares
will be afforded broader exposure to investors that rely on the
Russell indexes as part of their investment strategy."
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Russell indexes are part of FTSE
Russell, a leading global index provider.
For more information on the Russell 3000® Index and
the Russell indexes reconstitution, go to the "Russell
Reconstitution" section on the FTSE Russell website.
About FTSE Russell:
FTSE Russell is a leading
global index provider creating and managing a wide range of
indexes, data and analytic solutions to meet client needs across
asset classes, style and strategies. Covering 98% of the investable
market, FTSE Russell indexes offer a true picture of global
markets, combined with the specialist knowledge gained from
developing local benchmarks around the world.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately
$16 trillion is currently benchmarked
to FTSE Russell indexes. For over 30 years, leading asset owners,
asset managers, ETF providers and investment banks have chosen FTSE
Russell indexes to benchmark their investment performance and
create investment funds, ETFs, structured products and index-based
derivatives. FTSE Russell indexes also provide clients with tools
for asset allocation, investment strategy analysis and risk
management.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on index innovation and customer
partnership applying the highest industry standards and embracing
the IOSCO Principles. FTSE Russell is wholly owned by London Stock
Exchange Group.
For more information, visit www.ftserussell.com.
About Turtle Beach Corporation
Turtle Beach
Corporation (www.corp.turtlebeach.com) is one of the world's
leading gaming audio and accessory providers, headquartered in
San Diego, CA. The Turtle Beach
brand (www.turtlebeach.com) is highly respected for its pioneering
first-to-market features and patented innovations in high-quality,
comfort-driven headsets for all levels of gamer, making it a
fan-favorite brand and the market leader in console gaming audio
for 10 years running. Turtle Beach's ROCCAT brand
(www.roccat.org) combines detail-loving German innovation with a
genuine passion for designing the best PC gaming products. Under
the ROCCAT brand, Turtle Beach creates award-winning keyboards,
mice, headsets, mousepads, and other PC accessories. Turtle Beach's
shares are traded on the Nasdaq Exchange under the symbol:
HEAR.
All trademarks are the property of their respective owners.
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SOURCE Turtle Beach Corporation