NAUGATUCK — The Eastern Company joined the Russell Global Index June 25 when Russell Investments reconstituted its global equity indexes.
“We are very pleased with the announcement that we will be included in the Russell 2000 Index,” said Eastern Company Chairman, President and CEO Leonard Leganza in a press release issued prior to the indexes being reconstituted. “We believe the company has performed well and will continue to perform very well through these difficult economic times. To have the company recognized in this way is a tribute to the hard work and dedication of all our employees throughout the world.”
Russell Investments is a global asset manager and has about $155 billion in assets under management as of March 31. Russell indexes are used by investment managers and institutional investors for index funds and benchmarks for passive and active investment strategies.
The Russell Global Index is reconstituted annually and all sub-indexes are recalibrated simultaneously to accurately measure current market realities for each market segment. Membership in the Russell Global Index is for one year and means automatic inclusion in the appropriate index.
The Eastern Compnay is a 154-year-old company that makes vehicular and industrial hardware, locks, metal castings, and coin-vending and smart card products in 10 manufacturing plants in the United States, Canada, Mexico, Taiwan and China.