American Water Added to membership of Russell Indexes

June 30, 2008 5:19 PM EDT

VOORHEES, N.J.--(BUSINESS WIRE)--

American Water Works Company, Inc. (NYSE: AWK), the largest investor-owned U.S. water and wastewater utility company, was added as a member of the U.S. large-cap Russell 1000 Index after the equity markets closed on June 27, 2008, as Russell Investments reconstituted its comprehensive family of global indexes. Membership in the Russell 1000, which remains in place for one year, is based on membership in the broad-market Russell 3000 Index. The stock also was automatically added to the appropriate growth and value indexes.

"American Water is pleased to be added to the Russell 1000 Index," said Don Correll, president and CEO of American Water. "The index provides a comprehensive barometer for the large-cap segment."

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 $4.4 trillion in assets currently are benchmarked to them.

About American Water

Founded in 1886, American Water is the largest investor-owned U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs nearly 7,000 dedicated professionals who provide drinking water, wastewater and other related services to approximately 15.6 million people in 32 states and Ontario, Canada.

Source: American Water

Related Categories

Press Releases

Stocks Mentioned

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?