Titan International, Inc. announced that it has been added as a member of the broad-market Russell 3000® Index, effective after the US market opened today, as part of the 2021 Russell indexes reconstitution.
“We are pleased with the addition to the Russell 3000 Index,” stated Paul Reitz, President and Chief Executive Officer of Titan. “Inclusion in this index further highlights the progress we have made during the past twelve months and should assist in continuing to expand our reach and support greater awareness of Titan within the investment community.”
Annual reconstitution of the Russell indexes captures the 4,000 largest US stocks as of May 7, ranking them by total market capitalization. Membership in the Russell 3000® Index, 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. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
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 US indexes. Russell indexes are part of FTSE Russell, a leading global index provider. For more information on the Russell 2000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.