Recent News
Ideanomics Acquires 100% of U.S. EV Tractor MakerSolectrac
US Hybrid Receives Order for a Fleet of all-ElectricStreet Sweepers
"Cleans Up the Air and Cleans Up theStreets"
https://investors.ideanomics.com/press-releases
To Join Russell 3000® Index Effective June 28
NASDAQ- IDEX - To Join Russell 3000® Index EffectiveJune 28 Stocks
The Russell 3000 index are reconstituted once a yearon the last Friday in June. At this time, all eligible securities are ranked bytheir current market capitalization. This growing or shrinking companies areaccurately represented in the overall index. At any time, if a particularsecurity is no longer eligible for membership, then a replacement is named atthe next scheduled reconstitution. Thus, the number of securities in the indexwill fluctuate according to corporate actions such as mergers, acquisitions orgoing private. A significant portion of the underlying index is represented bysecurities in the financial, consumer discretionary, health care and technologysectors.
The technology sector ' s weighting in the index hassteadily increased over the past decade as many companies have adapted to anincreasingly tech-focused economy. Sure enough, the biggest holdings compriseof tech giants such as Microsoft (MSFT), Facebook (FB), and Google (GOOG). Asof July 2020, the average market capitalization of stocks in the index standsat $ 367 billion.
Russell indexes are widely used by investment managers and institutionalinvestors for index funds and as benchmarks for active investment strategies.Approximately $ 10.6 trillion in assets are benchmarked against Russell's USindexes.
Many are investing in Ideanomics
