NEW YORK, June 10, 2021 /PRNewswire/ -- Ideanomics
(NASDAQ: IDEX), driving the sustainability transformation with
solutions that shape the future of e-mobility and fintech, today
announced it is set to join the broad-market Russell 3000® Index at
the conclusion of the 2021 Russell indexes annual reconstitution.
According to a preliminary list of additions posted on June 4, this will take effect after the US market
opens on June 28.
The Annual Russell indexes reconstitution captures the 4,000
largest US stocks as of May 7,
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 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.
"Joining the Russell indexes enables Ideanomics to extend its
reach into the institutional shareholder community where we believe
our story is going to resonate extremely well. Our ability to
derive revenues from the EV industry in the short, medium and
long-term, sets us apart from many others in the sector, while our
fintech group provides consistent results and spotlights our value
to shareholders both today and tomorrow," said Ideanomics CEO
Alf Poor. "We plan to utilize our
inclusion in the Russell indexes as a platform to grow shareholder
awareness which, with our team is executing our plans, delivering
on commitments, and driving growth across our businesses, helping
us stand out as a stock with breakout potential in an otherwise
frothy market."
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $10.6 trillion in assets are benchmarked against
Russell's US indexes. 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.
For more information and news on Ideanomics, visit
https://ideanomics.com.
About Ideanomics
Ideanomics is a global company
focused on the convergence of financial services and industries
experiencing technological disruption. The Ideanomics Mobility
division is a service provider which facilitates the adoption of
electric vehicles by commercial fleet operators through offering
vehicle procurement, finance and leasing, and energy management
solutions under an innovative sales to financing to charging
(S2F2C) business model. Ideanomics Capital is focused on disruptive
fintech solutions for the financial services industry. Together,
Ideanomics Mobility and Ideanomics Capital provide global customers
and partners with leading technologies and services designed to
improve transparency, efficiency, and accountability, and
shareholders with the opportunity to participate in high-potential,
growth industries.
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
$17.9 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.
Contacts:
Ideanomics, Inc.
Tony Sklar, SVP of Investor
Relations
1441 Broadway, Suite 5116, New York,
NY 10018
ir@ideanomics.com
Jeremy Ertl, Skyya PR for
Ideanomics
jeremy@skyya.com
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SOURCE Ideanomics