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Freedom Holding Corp. Announces Inclusion in Russell 3000 Index
NEW YORK CITY, NY / ACCESS Newswire / May 29, 2025 / Freedom Holding Corp. (NASDAQ:FRHC), a diversified multinational financial services firm, announced today
About this update from Freedom Holding Corp.
[{"type":"text","content":"NEW YORK CITY, NY / ACCESS Newswire / May 29, 2025 / Freedom Holding Corp. (NASDAQ:FRHC), a diversified multinational financial services firm, announced today that it has been selected for inclusion in the Russell 3000® Index as part of the 2025 annual reconstitution. This inclusion will become effective after the U.S. market closes on June 27, 2025.Freedom Holding CorpFreedom Holding Corp.The Russell 3000® Index measures the performance of the largest 3,019 U.S. companies, representing approximately 98% of the investable U.S. equity market. Inclusion in this index is a significant milestone that can enhance a company's visibility among investors and may lead to increased trading activity due to the index's widespread use as a benchmark by investment funds. The most prominent among these funds are the iShares Russell 3000 ETF (IWV) and the Vanguard Russell 3000 ETF (VTHR), which have more than $18 billion in assets under management.Inclusion in the Russell 3000® Index typically means membership in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index, as well as in relevant growth and value style indexes. However, there has been no confirmation of this yet, but investors can follow updates expected to be provided by [the Russell 3000® Index] on May 30, June 6, June 13, and June 20.\"Our inclusion in the prestigious Russell 3000® Index marks a significant milestone for Freedom Holding Corp. and reflects our sustained growth and increasing presence in the global financial markets,\" said Timur Turlov, CEO of Freedom Holding Corp. \"This recognition reflects the efforts of our team and our focus on delivering value to shareholders. We believe this inclusion will enhance our visibility among institutional investors, broaden our shareholder base, and further solidify our position as a prominent player in the financial services industry.\"Freedom Holding Corp. has demonstrated strong financial performance, with revenues reaching $655 million in the third quarter of the fiscal year 2025, a 56.5% increase compared to the same period in the previous year. The company's diversified operations span brokerage, banking, insurance, and fintech services, serving over 7 million clients across 22 countries.Forward Looking StatementsThis announcement contains forward looking statements within the meaning of the U.S. Privat...