Athene Holding Joins Russell 1000 Index
Athene Holding Ltd., a Bermuda-based insurance holding company, has been added to the Russell 1000 index, effective after the equity markets closed on March 31, 2017. The Russell 1000 index is comprised of the largest 1,000 companies that are in the various Russell indexes.
“We are pleased to join the Russell 1000 index, following our successful IPO in December 2016,” said Jim Belardi, CEO of Athene Holding. “Our inclusion in the index is a testament to our strong financial performance, our multi-channel distribution platform and efficient organizational structure. We look forward to increased recognition and visibility within the investment community as a result of this designation.”
Russell Investments reconstituted U.S. and global equity indexes to include recent Initial Public Offerings [IPO]s at market close on March 31, 2017. The Russell Indexes are widely used by investment managers and institutional investors as index funds and benchmarks for both active and passive investment strategies. Approximately $5.7 trillion in assets are benchmarked against the Russell indexes.
