Business
Real set to join Russell 3000® Index
TORONTO & NEW YORK--(BUSINESS WIRE)-- The Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing, publicly traded real estate brokerage, is set to join the
About this update from The Real Brokerage, Inc.
[{"type":"text","content":" TORONTO & NEW YORK--(BUSINESS WIRE)--\nThe Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing, publicly traded real estate brokerage, is set to join the broad-market Russell 3000 Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1st, according to a preliminary list of additions posted Friday, May 24th.\n\n\nThe annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30th, 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.\n\n\n“We’re honored to be joining the Russell 3000® Index, a milestone that reflects a decade of hard work and dedication building Real into the real estate technology leader it is today,” said Tamir Poleg, Real’s Chief Executive Officer. “Our success wouldn’t be possible without the unwavering commitment of our agents and employees. Joining this prestigious index will amplify Real’s visibility within the investment community, enabling us to share our story and unique agent value proposition with a broader audience.”\n\n\nRussell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to the data as of the end of December 2023, about $10.5 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, a prominent global index provider.\n\n\nFiona Bassett, CEO of FTSE Russell, An LSEG Business, commented, “Russell indexes–now in their 40th year–continue to evolve to reflect the dynamic US economy. Annual rebalancing plays a vital role in establishing accurate benchmarks, ensuring they correctly mirror their designated market segments and remain unbiased in terms of size and style.”\n\n\nFor more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.\n\n\nAbout Real\n\n\nReal (NASDAQ: REAX) is...