Glass tableware major Libbey Inc. has announced that it has been added to the broad-market Russell 3000 Index when Russell Investment Group reconstituted its comprehensive set of US and global equity …
Glass tableware major Libbey Inc. has announced that it has been added to the broad-market Russell 3000 Index when Russell Investment Group reconstituted its comprehensive set of US and global equity indexes as of 25 June 2010, according to the official membership posted on www.russell.com. Membership in the Russell 3000, which is on an annual basis, means Libbey will automatically be included in the small-cap Russell 2000. Libbey“s chairman and chief executive officer, John F. Meier, commented, “We believe that Libbey“s inclusion in the Russell 2000 should increase our exposure to a wider group of investors and institutions.” Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies.