China Cord Blood Corporation added to Russell Global Index

China Cord Blood Corporation (NYSE: CO; "the Company") today announced that it joined the Russell Global Index after the market close on Friday, June 25, 2010.

Membership in the Russell Global Index, which remains in place for one year, means automatic inclusion in the appropriate indexes as well as the applicable style, sector and country indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.

Ms. Ting Zheng, China Cord Blood Corporation's Chairperson and Chief Executive Officer, stated, "We are very pleased to have been included in the Russell Global Index. Membership in this index will increase our recognition among investors and is a direct result of our efforts to increase liquidity and shareholder value. We believe our membership in this index will help expand the potential investor base and allow us greater visibility in the investment community."

Russell indexes are widely used by investment managers and institutional investors both to construct index funds and to measure performance as benchmarks for passive and active investment strategies. An industry-leading $39 trillion in assets are benchmarked to these indexes.

The Russell Global Index, which captures 98% of investable securities globally, is reconstituted annually and all sub-indexes are recalibrated simultaneously to accurately measure current market realities for each market segment. These investment tools originated from Russell's multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.

Source:

China Cord Blood Corporation

Posted in:

Tags: , ,

Comments

The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News Medical.
Post a new comment
Post

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

You might also like...
White blood cell type identified as important contributor to inflammation in obesity