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Xerium Technologies Inc. Message Board

  • fix8tedinvestor fix8tedinvestor Jul 3, 2013 11:38 AM Flag

    XRM just added to 3 Russell Indexes!

    Xerium Technologies, Inc. (XRM), a leading global provider of industrial consumable products and services, announced that its stock has been added to three Russell equity indexes:
    • Russell US Small-Cap 2000® - a US small-cap equity index
    • Russell 3000® - a broad market US equity index
    • Russell Global - a global equity index

    Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes. Xerium’s membership into these three indexes became effective after the close of trading on June 28, 2013. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. Approximately $4.1 trillion in assets currently are benchmarked to them.

    Harold Bevis, Xerium's President and Chief Executive Officer, stated, "We are pleased to be added to the Russell indexes. We believe our inclusion reflects the improvements that we are making in the repositioning of the company’s sales and EBITDA profile. Our presence in these widely followed indexes should increase investor awareness of our company and generate additional interest from investors.”

    Sentiment: Strong Buy

 
XRM
15.85Jan 27 4:00 PMEST

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