AUSTIN, Texas, June 15, 2011 /PRNewswire/ -- Vermillion, Inc. (NASDAQ: VRML), a molecular diagnostics company, today announced that it will join the Russell Microcap Index when Russell Investments reconstitutes its family of U.S. indexes on June 24, according to a preliminary list of additions posted on June 10, available at www.russell.com/indexes.
Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
"We are pleased to be included in the Russell Microcap Index," said Gail S. Page, Chair of the Board of Directors and CEO. "Over the past eighteen months, our Company has pursued a disciplined turnaround strategy and we view this selection as recognition of our efforts to date. Inclusion in the Russell Microcap index is a key opportunity for Vermillion to increase its exposure to the broader institutional investment community, help improve stock liquidity and contribute in our efforts to increase stockholder value."
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 institutional assets currently are benchmarked to them.
Annual reconstitution of Russell Indexes captures the 4,000 largest U.S. stocks as of the end of May each year, ranking them by total market capitalization to create the Russell 3000® Index and Russell Microcap. 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 evalu
|SOURCE Vermillion, Inc.|
Copyright©2010 PR Newswire.
All rights reserved