PARAMUS, N.J., June 30 /PRNewswire-FirstCall/ -- Smart Balance, Inc. (Nasdaq: SMBL) announced today that it has been included in the broad-market Russell 2000(R) and Russell 3000(R) indexes. Russell Investments reconstituted its comprehensive set of U.S. and global equity indexes on June 27th.
"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.
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. (Nasdaq: SMBL) is committed to providing superior tasting heart healthier alternatives in every category it enters by avoiding trans fats naturally, balancing fats and/or reducing saturated fats, total fat and cholesterol. The company's products include Smart Balance(R) Buttery Spreads, Milk, Butter Blend Sticks, Cream Cheese, Peanut Butter, Microwave Popcorn, Cooking Oil, Mayonnaise, Non-Stick Cooking Spray and Cheese. For more information about products and the Smart Balance(TM) Food Plan, visit http://www.smartbalance.com.
|SOURCE Smart Balance, Inc.|
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