Titan International joins Russell 3000 Index
Titan International, Inc., manufacturer of the Goodyear Farm Tires range, has become a member of the broad-market Russell 3000 Index, effective after the US market opened on 28 June. Global index provider FTSE Russell added Titan as part of the 2021 Russell indexes reconstitution.
“We are pleased with the addition to the Russell 3000 Index,” states Paul Reitz, president and chief executive officer of Titan. “Inclusion in this index further highlights the progress we have made during the past twelve months and should assist in continuing to expand our reach and support greater awareness of Titan within the investment community.”
Annual reconstitution of the Russell indexes captures the 4,000 largest US stocks as of 7 May, ranking them by total market capitalisation. Membership in the 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-capitalisation rankings and style attributes.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately US$10.6 trillion in assets are benchmarked against Russell’s US indexes.