The Russell 1000 Index includes approximately 1,000 of the largest securities based on a combination of their market cap and current index membership -- representing approximately 92 percent of the U.S. market. It is constructed to provide a comprehensive and unbiased barometer for the large-cap segment and is completely reconstituted annually to ensure new and growing equities are reflected. 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. These investment tools originated from Russell's multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.
"The Russell 1000 Index is one of a number of recent milestones that validate our long-term strategy and commitment to building shareholder value," said Jim Cashman, president and CEO, ANSYS, Inc. " We have focused an incredible amount of energy and resources into building a solid business model, which has enabled ANSYS to weather many ups and downs over the years. Our long-term dedication to the democratization of engineering simulation has resulted in consistent technology leadership, consistent growth and profitability, and a broad and diversified global presence. In fact, today 97 of the top 100 industrial companies on the FORTUNE Global 500 list are now using software from ANSYS to propel their product development cycles and drive innovation within their own teams."
Earlier in 2008, ANSYS was added to the Cleantech Group's Cleantech Index(TM) (Amex: ^CTIUS), which is the first and only stock market index intended to reflect the surging global demand for clean technology products and services. By tracking the market performance of the leading publicly traded cleantech companies, CTIUS is the industry standard index, offering an easy, cost-effective, and liquid means for investors and licensees, including the PowerShares Cleantech Portfolio (Amex: PZD), to access the broad cleantech investment category. ANSYS was chosen for its strong growth potential, technology, impact, sector representation, and leadership.
About Russell Investments
Russell Investments aims to improve financial security for people by providing strategic advice, world-class implementation, state-of-the-art performance benchmarks, and a range of institutional-quality investment products. With more than $213 billion in assets under management, Russell serves individual, institutional and advisor clients in more than 40 countries. Russell provides access to some of the world's best money managers. It helps investors put this access to work in corporate defined benefit and defined contribution plans, and in the life savings of individual investors. Headquartered in Tacoma, Wash., Russell has principal offices in Amsterdam, Auckland, Hong Kong, Johannesburg, London, Melbourne, New York, Paris, San Francisco, Seoul, Singapore, Sydney, Tokyo and Toronto.