RF Industries Ltd., the San Diego designer and maker of coaxial and custom cable assemblies, said it joined the Russell Microcap Index.
Membership in the index remains in place for one year and means automatic inclusion in the appropriate growth and value style indexes.
Russell indexes are widely used by investment managers and institutional managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. The company said about $4.1 trillion in assets is benchmarked to the Russell indexes.
Howard Hill, CEO of RFI, said the company’s addition to the Russell Microcap index is recognition of its efforts and a validation of its capabilities. “During the past year we have achieved significant revenue growth and increased profitability as we’ve successfully implemented our long term strategy to grow our position as a leading provider of full service, custom interconnect solutions to the wireless infrastructure industry,” Hill said.
— SDBJ Staff Report