NEW YORK, June 17 /PRNewswire/ -- Thomson Reuters (NYSE, TSX: TRI), the world's leading source of intelligent information for businesses and professionals, today announced it is set to join the broad-market Russell 3000® Index on June 25, 2010, as part of an annual reconstitution of Russell's U.S. and global equity indexes. A preliminary list of additions including Thomson Reuters was first announced on June 11, 2010 on http://www.russell.com.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. Russell determines membership for its equity indexes, which remains in place for one year, primarily by objective, market-capitalization rankings and style attributes. Thomson Reuters expects that inclusion in the Russell 3000 will also result in inclusion in the large-cap Russell 1000® Index.
"We are glad that Thomson Reuters has been chosen to join the Russell 3000 Index, one of the most prestigious stock market indexes in the U.S.," said Robert D. Daleo, executive vice president and chief financial officer, Thomson Reuters. "Our membership in the Russell 3000 Index will continue to raise the awareness of the company to a wider range of institutions and investors. Our joining the index represents another milestone in solidifying the progress we have made in the integration of the two companies over the past two years."
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs 55,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI). For more information, go to www.thomsonreuters.com.
Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks and a range of institutional-quality investment products. Russell has $179 billion in assets under management as of March 31, 2010, and serves individual, institutional and advisor clients in more than 40 countries. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.
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SOURCE Thomson Reuters