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Cemtrex Inc. has been added to the Russell Microcap Index as part of the Russell indexes annual reconstitution. The newly reconstituted indexes took effect following the market close on June 23, 2017.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $8.4 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider. 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.
Cemtrex’s Chairman and CEO Saagar Govil said, “We are excited to be included in the Russell Microcap Index as it is an important milestone in the continued growth and visibility of the company. The Russell US Indexes are some of the leading US equity benchmarks for institutional investors. We believe our inclusion will continue to help attract new investors and broaden our shareholder base.”
Cemtrex Inc. is a world leading diversified industrial and manufacturing company that provides a wide array of solutions to meet today’s technology challenges. Cemtrex provides manufacturing services of advanced custom engineered electronics, industrial services, monitoring instruments for industrial processes and environmental compliance, and systems for controlling particulates, hazardous gases, emissions of Greenhouse gases, and other regulated pollutants used in emissions trading globally.