CUI Global Announces Inclusion in the Wilshire 5000 Total Market Index
CUI Global, Inc. announced that it has been added to the Wilshire 5000 Total Market Index(SM) (Wilshire 5000(SM)) effective after the markets’ close on Friday, March 16, 2012 in conjunction with the monthly additions and deletions of the index.
CUI Global, Inc. up-listed to the NASDAQ Capital Markets on February 17, 2012.
The Wilshire 5000, the original pure and complete measure of the U.S. stock market, was developed in 1974 by Dennis A. Tito, chairman and chief executive officer of Wilshire Associates Incorporated. It is widely considered the best way to track the U.S. equities market and estimate market value changes. The Wilshire 5000 Total Market exchange-traded fund (NYSE Arca: WFVK) is the only ETF based upon the Wilshire 5000.
The Wilshire 5000 is published daily in a variety of outlets, including print, television, and online media. As the broadest measure of the U.S. equity market, it is watched by all major institutions, including the Federal Reserve Board.
"CUI Global’s addition to the highly respected Wilshire 5000 Index is yet another example of the significance of our listing on the Nasdaq Capital Market," explained CUI Global’s president & CEO, William Clough. "The Wilshire Index specifically excludes ’penny stocks’ and ’over-the-counter securities,’ while focusing on nationally listed securities like CUI Global."
"By being the focus of an index like the Wilshire 5000, CUI Global will be seen by far more sophisticated and institutional investors, specifically broadening our market and thereby enhancing shareholder value and our potential return-on-investment," Clough concluded.
