Phunware Set to Join Russell Microcap® Index
NASDAQ: PHUN
**Phunware, Inc.,** a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, is set to join the Russell Microcap® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4.
Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s US indexes.
“It is a pleasure to join the Russell Microcap® Index, as it will help develop our equity profile across the broader investment community,” said Alan S. Knitowski, President, CEO and Co-Founder of Phunware.
Find the full release here at: [https://ca.finance.yahoo.com/news/phunware-set-join-russell-microcap-120000816.html](https://ca.finance.yahoo.com/news/phunware-set-join-russell-microcap-120000816.html)
Stay safe, this is not financial advice!!
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