CDC Corporation Added to Russell 3000® and Russell 2000® Indexes
July 08 2010 - 8:28AM
Business Wire
CDC Corporation (NASDAQ: CHINA), a leading global hybrid
enterprise software, IT services and new media company, today
announced it has been added to the Russell 3000® Index and Russell
2000® Index when Russell Investments reconstituted its
comprehensive set of U.S. and global equity indexes on June 28,
2010.
Russell indexes are widely used by investment managers and
institutional investors for both index funds and as benchmarks for
passive and active investment strategies. CDC Corporation will hold
its membership until Russell reconstitutes its indexes in June
2011.
“We are pleased to be added to the Russell 2000, which reflects
our continued positive momentum and efforts to increase shareholder
value,” said Monish Bahl, senior vice president of Corporate
Development. “We expect our inclusion will raise our profile and
generate greater interest in our stock at an institutional investor
level.”
The Russell 3000 also serves as the U.S. component to the
Russell Global Index, which Russell launched in 2007.
The annual reconstitution of the Russell 3000 captures the 3,000
largest U.S. stocks as of end of May, ranking them by total market
capitalization. The largest 1,000 companies in this ranking
comprise the Russell 1,000 and the next 2,000 companies become the
Russell 2000.
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 $179
billion in assets under management as of March 31, 2010, 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 CDC
Corporation
The CDC family of companies includes CDC Software (NASDAQ: CDCS)
focused on hybrid enterprise software and services, CDC Global
Services focused on IT consulting services, and outsourced R&D
and application development, CDC Games focused on online games, and
China.com, Inc. (HKGEM:8006) focused on portals for the greater
China markets. For more information about CDC Corporation (NASDAQ:
CHINA), please visit www.cdccorporation.net
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