Overseas Shipholding Group Set to Join Russell 3000 Index and Russell Global Index
OREANDA-NEWS. June 15, 2016.
Annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of the end of May, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index and the Russell Global Index, which remain 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 and sector and country indexes. FTSE Russell determines membership for its Russell indexes by objective, market-capitalization rankings and style attributes.
“We are excited to join the Russell family of indexes,” said Captain
Ian T. Blackley, OSG’s president and CEO. “We believe that membership in the Russell indexes will increase our exposure to the broader institutional investment community, help further expand our shareholder base, and contribute to our efforts to enhance shareholder value,” Blackley added.
Indexes provided by FTSE Russell, a leading global index provider, are
widely used by investment managers and institutional investors for index
funds and as benchmarks for active investment strategies. Approximately
For more information on the Russell Global Index and the Russell US Indexes and Russell Global Indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
About OSG
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
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 client collaboration as it seeks to enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by
Forward-Looking Statements
This release contains forward-looking statements. In addition, the
Company may make or approve certain statements in future filings with
the
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