Freedom Holding Corp. (NASDAQ: FRHC), an international investment company, has announced that its common shares have been included in the Russell 3000 Index, one of the most prominent U.S. stock market indices. The inclusion took place as part of the annual index rebalancing and will take effect after the U.S. market closes on June 27, 2025, DKnews.kz reports.
What Is the Russell 3000 Index and Why Does It Matter?
The Russell 3000 Index tracks the performance of 3,019 of the largest U.S. companies, representing approximately 98% of the investable U.S. equity market. It is widely used by global investment funds as a benchmark for portfolio construction and is regularly updated. Notable ETFs that follow the Russell 3000 Index include the iShares Russell 3000 ETF (IWV) and Vanguard Russell 3000 ETF (VTHR), which collectively manage over $18 billion in assets.
Inclusion in the index is a significant milestone for any company, as it reflects strong financial health, business growth, and market stability. For Freedom Holding Corp., this recognition could contribute to:
- increased brand visibility among institutional investors,
- expansion of the shareholder base,
- and higher trading activity on the stock exchange.
What Sub-Index Will the Company Join?
Being added to the Russell 3000 Index also means that the company will automatically be included in either the:
- Russell 1000 Index (large-cap companies),
or - Russell 2000 Index (small-cap companies),
as well as corresponding growth or value indices. At this stage, there has been no official confirmation of which group Freedom Holding Corp. will fall under. This information is expected to be published in periodic updates by FTSE Russell in June 2025.
Key dates to follow: May 30, June 6, June 13, and June 20, 2025. The updated list of companies, released on May 23, 2025, is available at: www.lseg.com
Timur Turlov, Chief Executive Officer of Freedom Holding Corp., commented:
“The inclusion of the company in the prestigious Russell 3000 Index marks a significant milestone that confirms our sustainable growth and the strengthening of our position in global financial markets. This recognition reflects the hard work and dedication of our entire team, as well as our unwavering commitment to creating long-term value for shareholders. We are confident that this development will enhance the company’s visibility among institutional investors, expand our shareholder base, and reinforce our status as a key player in the financial industry.”
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Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the potential benefits of being included in the Russell 3000 Index, such as:
- inclusion in other indices,
- increased visibility,
- a broader shareholder base,
- and increased trading activity.
These statements are not guarantees of future results and are subject to risks and uncertainties. In particular, there is a risk that inclusion in the index may not result in the anticipated benefits. More information about risk factors is provided in Freedom Holding Corp.’s most recent annual and quarterly reports, as well as other filings submitted to the U.S. Securities and Exchange Commission (SEC).
The company emphasizes that such forward-looking statements are valid only as of the date of this publication, and it assumes no obligation to update or revise them in response to new information, future events, or otherwise.
Freedom Holding Corp. is a diversified international company offering a wide range of financial and related services, including:
- brokerage and securities trading,
- investment research and consulting,
- investment banking and underwriting,
- mortgage and insurance services,
- telecommunications solutions,
- online sales of airline tickets and tickets to cultural and sporting events,
- and online marketplace services, among others.
The company employs more than 8,200 people, and its subsidiaries operate in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and others.
Freedom Holding Corp.'s common shares are registered with the U.S. Securities and Exchange Commission (SEC) and trade on the Nasdaq Capital Market under the ticker symbol FRHC.
