Curis Makes Russell 3000 and Russell 2000 Indexes

Fri. July 03, 2009; Posted: 12:39 AM

Jul 02, 2009 (Close-Up Media via COMTEX) -- CRIS | Quote | Chart | News | PowerRating -- Curis, Inc., a drug development company focused on developing proprietary targeted medicines for cancer treatment, announced that it was added to the Russell 3000 and Russell 2000 Indexes when Russell Investment Group reconstituted its family of U.S. indexes after stock market close on June 26.

According to a release, the Russell family of U.S. indexes is designed to be a comprehensive representation of the investable U.S. equity market and is reconstituted annually. The Russell 3000 Index measures the performance of the largest 3000 U.S. companies representing approximately 98 percent of the investable U.S. equity market. Membership in the Russell 3000 Index results in automatic inclusion in either the large-cap Russell 1000 Index or the widely used small-cap Russell 2000. The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity universe and includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership.

Russell indexes are widely used by managers for index funds and as benchmarks for both passive and active investment strategies. $4 trillion in assets currently are benchmarked to Russell indexes, and investment managers who oversee these funds purchase shares of member stocks according to that company's weighting in the particular index.

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