EDGAR Online, Inc, a provider of value-added business and financial information on global companies, has announced it has been listed on Russell Investment Group's new Russell Microcap Index. The index, a new reflection of the market of smaller firms, tracks the performance of 2,000 companies that represent approximately 3% of the U.S. equity market.
Russell announced the Russell Microcap Index in May and finalized its constitution July 1. The index includes the smallest 1,000 securities in the small-cap Russell 2000 Index plus the next 1,000 companies below the small-cap index, excluding stocks trading below $1.00, bulletin board, and pink-sheet stocks. In Russell's May news release, the company reported that in three of the past four years, microcap stocks such as EDGAR Online outperformed the larger small caps.