News Column

WidePoint Corporation Set To Join Russell Microcap Index

July 5, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- -- WidePoint Corporation (NYSE Mkt: WYY) a leading provider of Managed Mobility Services (MMS) featuring Cybersecurity and Telecommunications Lifecycle Management (TLM) solutions, announced it is set to join the Russell Microcap® Index when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes on June 27, 2014 according to a preliminary list of additions posted June 13 on www.russell.com/indexes.

Membership in the Russell Microcap Index results in 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.

Steve Komar, CEO of WidePoint stated, "Our inclusion in the Russell Microcap Index demonstrates the progress we have made in repositioning the company for growth over the last year. As we continue to execute on our growth strategy, we believe our Russell membership will be a valuable tool to help raise our profile in the financial community and broaden our shareholder base."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Russell calculates more than 700,000 benchmarks daily covering approximately 98 percent of the investable market globally, 80 countries and more than 10,000 securities. Approximately $5.2 trillion in assets are benchmarked to the Russell Indexes.

Annual reconstitution of Russell Indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000® Index and Russell Microcap Index. 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 Microcap and other Russell Indexes is available at http://www.russell.com/indexes/data/US_Equity/Russell_US_Index_returns.asp.

Keywords for this news article include: WidePoint Corporation, Investment and Finance.

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Source: Investment Weekly News


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