Noble Corporation Joins Russell 3000 Index
Noble Corporation has been named to the broad-market Russell 3000® by the Russell Investment Group. The Russell 3000 serves as the U.S. component to the Russell Global Index, launched earlier this 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 trillion in assets currently are benchmarked to them. Membership, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® as well as the appropriate growth and value style indexes.
"Many investors and institutions rely on the Russell 3000 index as part of their investment strategy," said Lee M. Ahlstrom, Vice President, Investor Relations and Planning, Noble Drilling Services Inc. "Noble's inclusion acknowledges our strong business fundamentals and future potential."
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