Advanced Drainage Systems, Inc. was removed from several Russell Growth Indices, including the Russell 1000 Growth, Midcap Growth, 3000E Growth, 2500 Growth, 3000 Growth, and Small Cap Comp Growth indices, effective June 29, 2025.
This reclassification indicates a shift in how the company's growth characteristics are perceived by index providers, potentially impacting its inclusion in growth-oriented investment funds. Such changes can influence institutional investment strategies.
The removal from these indices suggests a re-evaluation of Advanced Drainage Systems' market capitalization and growth profile. This development may lead to adjustments in portfolio allocations by funds benchmarked against these specific Russell indices.
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