System1 Set to Join Russell 2000® and Russell 3000® Indexes
June 07 2022 - 4:05PM
Business Wire
System1, Inc. (NYSE: SST) (“System1” or the “Company”), an
omnichannel customer acquisition marketing platform, is set to join
the broad-market Russell 2000® and Russell 3000® Indexes at the
conclusion of the 2022 Russell indexes annual reconstitution,
effective after the U.S. market opens on June 27, 2022, according
to a preliminary list of additions posted June 3, 2022.
Annual Russell indexes reconstitution captures the 4,000 largest
U.S. stocks as of May 6, 2022, ranking them by total market
capitalization. Membership in the U.S. all-cap Russell 3000® Index,
which remains in place for one year, means automatic inclusion in
either the large-cap Russell 1000® Index or 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.
Michael Blend, System1’s Chief Executive Officer and Co-Founder,
stated, “We are very pleased to be included in the Russell indexes,
marking another significant milestone for System1 in what has been
a truly noteworthy and transformative year.”
Russell indexes are widely used by investment managers and
institutional investors for inclusion in index funds and as
benchmarks for active investment strategies. Approximately $12
trillion in assets under management are benchmarked against
Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a
leading global index provider.
For more information on the Russell 2000® and Russell 3000®
Indexes and the Russell indexes reconstitution, go to the “Russell
Reconstitution” section on the FTSE Russell website.
About System1, Inc.
System1 combines best-in-class technology & data science to
operate its advanced Responsive Acquisition Marketing Platform
(RAMP). System1’s RAMP is omnichannel and omnivertical, and built
for a privacy-centric world. RAMP enables the building of powerful
brands across multiple consumer verticals, the development &
growth of a suite of privacy-focused products, and the delivery of
high-intent customers to advertising partners. For more
information, visit www.system1.com.
About FTSE Russell
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately $20
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 ETFs, structured products
and index-based derivatives.
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 applying the highest industry standards
in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering.
FTSE Russell is wholly owned by London Stock Exchange Group. For
more information, visit www.ftserussell.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220607005944/en/
Investors Brett Milotte, ICR Brett.Milotte@icrinc.com
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