Parsippany, New Jersey, USA – June 9, 2021 – Wireless Telecom Group (NYSE American: WTT) is set to join the Russell Microcap® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4.
Tim Whelan, CEO of Wireless Telecom Group, Inc. stated, “We are pleased that Wireless Telecom Group has been selected for inclusion in the Russell Microcap index. We believe this validates our strategies focused on revenue and profit growth and will contribute to creating sustainable value for our shareholders. In addition, we expect joining the Russell Microcap index will increase visibility and improve investor awareness of Wireless Telecom Group.”
Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 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 Microcap® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.