PARAMUS, N.J., June 30 /PRNewswire-FirstCall/ -- Smart Balance, Inc.
"We are pleased to be included in the Russell indexes, which will increase the visibility of Smart Balance to a broader range of potential investors," said Robert S. Gluck, Vice Chairman and Chief Operating Officer of Smart Balance, Inc.
Annual reconstitution of Russell's U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total capitalization. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $4.4 trillion in assets currently are benchmarked to them.
The annual Russell reconstitution is usually one of the heaviest trading days in the U.S. equity market, as asset managers seek to reconfigure their portfolios to reflect the changes in the composition of the Russell's indexes. Trading volume in Smart Balance, Inc. on June 27 reflected the impact of this activity.
About Russell
Russell Investments aims to improve financial security for people by providing strategic advice, world-class implementation, state-of-the-art performance benchmarks, and a range of institutional-quality investment products. With more than $213 billion in assets under management, Russell serves individual, institutional and advisor clients in more than 40 countries. Russell provides access to some of the world's best money managers. It helps investors put this access to work in corporate defined benefit and defined contribution plans, and in the life savings of individual investors. Headquartered in Tacoma, Wash., Russell has principal offices in Amsterdam, Auckland, Johannesburg, London, Melbourne, New York, Paris, San Francisco, Seoul, Singapore, Sydney, Tokyo and Toronto. For more information on Russell indexes, go to http://www.russell.com.
About Smart Balance, Inc.
Smart Balance, Inc.
CONTACT: Media, Brent Burkhardt, Executive Vice President & Managing
Director of TBC Public Relations of Smart Balance, Inc., +1-410-986-1303,
Investor Relations of Smart Balance, Inc., +1-201-568-9300,
Web site: http://www.smartbalance.com/
http://www.russell.com/