July 2, 2008 — Harris & Harris Group, a publicly traded venture capital company that says it makes initial investments exclusively in tiny technology, including nanotechnology, microsystems and microelectromechanical systems (MEMS), was added to the U.S. small-cap Russell 2000 Index, after the equity markets closed on June 27, as Russell Investments reconstituted its family of global indexes.
Membership in the Russell 2000, which remains in place for one year, is based on membership in the broad-market Russell 3000 Index. The stock also was added systematically to the appropriate growth and value indexes. The Russell 3000 also serves as the U.S. component to the Russell Global Index, which Russell launched last year.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $4.4 trillion in assets currently are benchmarked to them.