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Russell said its indices are used as benchmarks for both active and passive investment strategies. Newtek will hold its membership until Russell reconstitutes its indices in June 2009.
"We believe the Company's inclusion in this index will bring Newtek's investment merits to a significantly broader range of investors who rely on the Russell indices as a key part of their investment strategy,'' said Barry Sloane, Newtek's chairman and chief executive officer.
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