Radio One announced its Class D shares were included on a preliminary list of additions to the Russell 2000 Index, the Russell 3000 Index and the Russell Global Index, according to information posted by Russell Investments. The final 2014 reconstitution of the Russell Indexes will take place after the market closes on 6/27 and final membership lists will be posted on 6/30, with trading in the reconstituted indices commencing that same day.
The Russell Indexes are a family of global equity indices that allow investors to track the performance of distinct market segments worldwide. Many investors use mutual funds or exchange-traded funds based on the Russell Indexes as a way of gaining exposure to certain portions of the U.S. stock market.
Russell’s index design has led to more assets benchmarked to its U.S. index family than all other U.S. equity indexes combined. The most well known index of the series is the Russell 2000 which track US small-cap stocks and is made up of the bottom 2,000 stocks in the Russell 3000 index.