INDIANAPOLIS – Allison Transmission Holdings, one of the world’s largest manufacturers of commercial duty fully automatic transmissions and hybrid-propulsion systems, is set to join the Russell Global Index today when Russell Investments reconstitutes its set of global equity indexes.
Membership in the Russell Global Index, which remains in place for one year, means automatic inclusion in the appropriate large-cap, small-cap, all-cap indexes as well as the applicable style, sector and country indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
Lawrence Dewey, chairman, president and CEO of Allison Transmission commented, "We are very pleased to join the Russell Global Index. The inclusion of Allison Transmission in the Russell Global Index is an important milestone for our company. In addition, it represents a significant opportunity for our company to broaden its shareholder base."
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. In the institutional marketplace, an industry-leading $3.9 trillion in assets currently are benchmarked to them.
