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Focus Universal Set to Join Russell 2000 Index
ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / June 21, 2022 / Focus Universal Inc. (NASDAQ:FCUV) ("Focus" or the "Company"), a provider of patented hardware
About this update from Focus Universal Inc.
[{"type":"text","content":"ONTARIO, CA and LOS ANGELES, CA / ACCESSWIRE / June 21, 2022 / Focus Universal Inc. (NASDAQ:FCUV) (\"Focus\" or the \"Company\"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, is set to join the broad-market Russell 2000 ® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the U.S. market opens on June 27, according to a preliminary list of additions posted June 3.Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 6, ranking them by total market capitalization. Membership in the US all-cap Russell 3000 ® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 ® Index or small-cap Russell 2000 ® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.\"We are pleased to have earned our inclusion in the Russell 2000® Index, one of the most widely cited performance benchmarks for emerging U.S. companies,\" said Dr. Desheng Wang, CEO of Focus Universal. \"This is an important milestone for Focus Universal after listing on the Nasdaq earlier in August last year and up listing to the Nasdaq Global Markets this year increasing our exposure to a broader investment community as we progress our company's vision of five disruptive IoT technology platforms to solve the major problems facing hardware design and production, software design and network communication facing both industries today.\"Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.For more information on the Russell 3000 ® Index and the Russell indexes reconstitution, go to the \"Russell Reconstitution\" section on the FTSE Russell website.Focus Universal:Focus Universal Inc. (NasdaqGM: FCUV) is a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G. The company has developed five disruptive patented technologies to solve the major problems facing hardware design, hard...