CANTON, Mass., June 16 /PRNewswire-FirstCall/ -- NEI (Nasdaq:
NENG), a leading provider of server-based application platforms,
appliances, and lifecycle support services for software
developers and OEMs worldwide, is set to join the broad-market
Russell 3000® Index when Russell
Investments reconstitutes its comprehensive set of U.S. and global
equity indexes on June 25, according
to a preliminary list of additions posted June 11 on www.russell.com.
Annual reconstitution of Russell's U.S. indexes captures the 4,000
largest U.S. stocks as of the end of May, ranking them by total
market capitalization. Membership in the Russell 3000, 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. Russell determines membership for its equity
indexes primarily by objective, market-capitalization rankings and
style attributes.
Greg Shortell, President and
Chief Executive Officer of NEI, commented, "The addition to the
Russell 3000 and Russell Microcap
indexes increases the credibility and the visibility of NEI within
the investment community and validates our achievements and
progress over the past several years."
The Russell 3000 also serves as
the U.S. component to the Russell Global Index, which Russell launched in 2007.
Russell indexes are widely used
by investment managers and institutional investors for index funds
and as benchmarks for both passive and active investment
strategies. An industry-leading $3.9
trillion in assets currently are benchmarked to them. These
investment tools originated from Russell's multi-manager investment business in
the early 1980s when the company saw the need for a more objective,
market-driven set of benchmarks in order to evaluate outside
investment managers.
Total returns data for the Russell 3000 and other Russell Indexes is
available at
http://www.russell.com/Indexes/performance/default.asp.
About Russell:
Russell Investments provides strategic advice, world-class
implementation, state-of-the-art performance benchmarks and a range
of institutional-quality investment products. Russell has $179
billion in assets under management as of March 31, 2010, and serves individual,
institutional and advisor clients in more than 40 countries.
Founded in 1936, Russell is a
subsidiary of The Northwestern Mutual Life Insurance Company.
About NEI
NEI is a leading provider of server-based application platforms,
appliances and lifecycle support services for software developers
and OEMs worldwide. Through its comprehensive suite of services
that include solution design, integration control, support and
other value-added service capabilities, NEI enables customers to
more effectively deploy, manage, service and support their
solutions. Founded in 1997, NEI is headquartered in Canton, Massachusetts and trades on the NASDAQ
exchange under the symbol NENG. For more information about NEI's
products and services, visit www.nei.com.
NEI / 25 Dan Road Canton, MA /
02021-2817 / telephone: 781 332 1000 / fax: 781 770 2000
www.nei.com
SOURCE NEI, Inc.