(Bloomberg) -- Schlumberger Ltd., Tyco International
Ltd. and Accenture Ltd. were added to Russell Investment Group's
U.S. stock indexes after Russell stopped excluding firms
incorporated outside the nation.
``They do their business in the U.S. so they behave as if
they are U.S. companies,'' Steve Wood, senior portfolio
strategist at Russell in New York, said in an interview today
before the index changes were announced. ``You get an even
better, more accurate representation'' of the market by including
them, he added.
Read more at Bloomberg Stocks News
Ltd. and Accenture Ltd. were added to Russell Investment Group's
U.S. stock indexes after Russell stopped excluding firms
incorporated outside the nation.
``They do their business in the U.S. so they behave as if
they are U.S. companies,'' Steve Wood, senior portfolio
strategist at Russell in New York, said in an interview today
before the index changes were announced. ``You get an even
better, more accurate representation'' of the market by including
them, he added.
Read more at Bloomberg Stocks News
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