Rochester Medical Corporation Set to Join Russell 3000 Index
June 16 2009 - 12:15PM
PR Newswire (US)
STEWARTVILLE, Minn., June 16 /PRNewswire-FirstCall/ -- Rochester
Medical Corporation (NASDAQ:ROCM) will join the broad-market
Russell 3000(R) Index when Russell Investments reconstitutes its
comprehensive set of U.S. and global equity indexes on June 26,
according to a preliminary list of additions posted June 12 on
http://www.russell.com/. Annual reconstitution of Russell's U.S.
indexes captures the 4,000 largest U.S. 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 large-cap Russell 1000(R) Index or small-cap
Russell 2000(R) Index as well as the appropriate growth and value
style indexes. Russell determines membership for its equity indexes
primarily by objective, market-capitalization rankings and style
attributes. Commenting on the posting, Anthony J. Conway CEO and
President of Rochester Medical said, "we are certainly pleased to
be included in the Russell Index; I believe it will increase the
visibility of Rochester Medical and bring awareness of the Company
and its technologies to a broader set of investors throughout the
U.S. and International markets." The Russell 3000 also serves as
the U.S. component to the Russell Global Index, which Russell
launched in 2007. Russell indexes are widely used by investment
managers and institutional investors for index funds and as
benchmarks for both passive and active investment strategies. An
industry-leading $4 trillion in assets currently are benchmarked to
them. 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. Total
returns data for the Russell 3000 and other Russell Indexes is
available at
http://www.russell.com/Indexes/performance/default.asp. About
Russell: Russell Investments provides strategic advice, world-class
implementation, state-of-the-art performance benchmarks and a range
of institutional-quality investment products. Russell has $136
billion in assets under management as of March 31, 2009, and serves
individual, institutional and advisor clients in more than 40
countries. Founded in 1936, Russell is a subsidiary of The
Northwestern Mutual Life Insurance Company. About Rochester
Medical: Rochester Medical Corporation develops, manufactures, and
markets disposable medical catheters and devices for urological and
continence care applications. The Company markets and sells its
products throughout the world under its own Rochester Medical(R)
brand and under private label arrangements. For further
information, please contact Anthony J. Conway, President and Chief
Executive Officer of Rochester Medical Corporation at (507)
533-9600. More information about Rochester Medical is available on
its website at http://www.rocm.com/. DATASOURCE: Rochester Medical
Corporation CONTACT: Anthony J. Conway, President and Chief
Executive Officer of Rochester Medical Corporation, +1-507-533-9600
Web Site: http://www.rocm.com/ http://www.russell.com/
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