SAN DIEGO, U.S. — Youngevity International, Inc., a leading multi-channel lifestyle company, today announced that the Company is set to join the broad-market Russell 3000® Index at the conclusion of the 2019 Russell indexes annual reconstitution, effective after the US market opens on July 1, according to a preliminary list of additions posted June 7.
Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 10, ranking them by total market capitalization. Membership in the US all-cap 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.
Steve Wallach, Chairman and CEO of Youngevity, stated, “We are proud to be included in the Russell 3000 index and look forward to greater exposure to institutional investors as we move up from the Russell Micro Cap index to the Russell 3000. This represents another important milestone for the company since we became listed on the Nasdaq exchange in June of 2017.”
“We are pleased to be added to the Russell 3000 Index and the other appropriate indexes that will come as a result of our inclusion,” said Dave Briskie, President and CFO of Youngevity International, Inc. “According to Nasdaq, over the last 90 days, YGYI has added 12 new Institutional Investors and Institutional share ownership in YGYI has increased by 543,000 shares. We believe our inclusion will continue this trend and broaden our group of institutional investors.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $9 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 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.