Farmers National Bank will join the Russell Microcap Index this month

CANFIELD — Farmers National Bank will join the Russell Microcap Index when it constitutes on June 25.

The index tracks the performance of these smaller stocks and provides growth and value information about the companies on the list.

The list includes the smallest 1,000 securities on the index plus the next smallest eligible securities by market cap.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies, according to a Farmers’ release.

In the institutional marketplace, an industry-leading $3.9 trillion in assets currently are benchmarked to them. Russell calculates more than 80,000 benchmarks daily covering about 98 percent of the investable market globally — 83 countries and more than 10,000 securities.