Anavex Life Sciences Corp. was removed from several prominent Russell indices, including the Russell 3000 Value Index, Russell 2500 Value Index, Russell Small Cap Comp Value Index, Russell 2000 Value Index, and Russell Microcap Value Index. These changes were effective as part of the annual rebalancing of the indices.
Inclusion in major indices like the Russell family is often a factor for institutional investors when making investment decisions, as many funds track these benchmarks. Consequently, being dropped from these indices can reduce a company's exposure to a broad base of institutional capital.
The removal from these indices may impact the company's trading liquidity and could lead to adjustments in portfolio holdings by index-tracking funds. This event reflects a re-evaluation of the company's market capitalization and style factors by the index providers.
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