Townsquare to Join Russell 3000 and Russell 2000 Index

RADIO ONLINE | Tuesday, June 20, 2023 | 11:43am CT

Townsquare Media

Townsquare Media is set to join the broad-market Russell 3000 Index and the Small-Cap Russell 2000 Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the U.S. market opens on June 26, according to a preliminary membership list. Preliminary membership lists (reflecting any updates) were posted to the FTSE Russell website from May 26 through June 16.

Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of April 28, ranking them by total market capitalization. Membership in the U.S. 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.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against Russell's U.S. indexes. Russell indexes are part of FTSE Russell, a global index provider.