Trina Solar Limited, a manufacturer of integrated photovoltaic products has been added to the Russell Global Index when Russell Investments reconstituted its comprehensive set of global equity indexes on June 27.
Membership in the Russell Global Index, which remains in place for one year, means automatic inclusion in the appropriate large-cap, small-cap, all-cap indexes as well as the applicable style, sector and country indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
"We are pleased to be included in the Russell Global Index and for the opportunity it provides us to increase our visibility within the investment community," commented Jifan Gao, Chairman and Chief Executive Officer of Trina Solar.
"We look forward to continue to deliver the results that have earned us this recognition as we expand our fully integrated PV module capacity and sales to become a leading player in the solar energy industry."
The Russell Global Index represents the investable global equity market and its segments comprehensively. It consists of more than 10,000 securities in 63 countries and offers over 300 key subindexes. 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 estimated $4.4 trillion in assets are currently benchmarked to the indexes.
