Russell to Announce Membership in Indexes in June

April 4, 2007 ( - Russell Investment Group has announced it will start its annual reconstitution of its U.S. and global indexes with a revelation about probable additions and deletions on June 11.

Final membership will go into effect on June 22, according to a Reuters news report.

In one change announced in December, companies incorporated outside the United States for tax, political or other reasons, but that function primarily like a U.S. company, will be eligible for inclusion in the U.S. stock indexes, Reuters reported.

Russell, whose best known index is the Russell 2000, an index of small-cap U.S. stocks, earlier this year launched a family of global stock indexes.

Russell said it will be posting information about the reconstitution on its Web site .