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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 and serves as the U.S. component to the Russell Global Index.
Michael Earley, Chairman and Chief Executive Officer of Metropolitan said, "Inclusion in the Russell 3000 is further validation of the progress that Metropolitan continues to make as it seeks to bring value to its shareholders and expose the company to a broader base of institutional investors."
Metropolitan's membership in the Russell 3000, which remains in place for one year, also means that the company will be included in the small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes. Russell provides its equity index family to investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. According to Russell, $4 trillion in assets currently are benchmarked to its indices.
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