NETSOL Technologies will join the Russell Microcap Index at the conclusion of the 2021 Russell indexes’ annual reconstitution, effective after the U.S. market opens on June 28, according to a preliminary list of additions posted on 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.

“Our inclusion into the Russell Microcap Index is an important milestone and meaningful achievement in our development as a public company,” Najeeb Ghauri, co-founder, chairman and CEO of NETSOL Technologies, said. “The Russell indexes are a widely known and well-respected benchmarking standard. We expect our inclusion at the end of the month to bring added visibility and generate other positive impacts, which will benefit both new and existing shareholders.”

Investment managers and institutional investors use the Russell indexes for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a global index provider.