Kaspien Joins Russell Microcap Index
Kaspien Holdings Inc, a leading e-commerce marketplace growth platform, was added to the Russell Microcap® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the U.S. market open on June 28, according to the FTSE Russell website.
Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
“Our inclusion into the Russell Microcap® Index represents an important milestone and meaningful achievement in our development as a public company,” said Kaspien CEO Kunal Chopra. “The Russell Indexes are a well-respected and influential benchmarking standard. We appreciate being a part of this select group and expect our inclusion to bring added visibility within the broader investment community as we continue to build our reputation as a leading provider within the online marketplace ecosystem.”
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 U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
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