Russell Global Index to Gain 90 IPOs

Tools

U.S. broad-market Russell 3000 Index accounts for 23 of global total

SEATTLE--(BUSINESS WIRE)-- Russell Investments plans to add 90 initial public offerings (IPOs) to the Russell Global Index for the third quarter of 2011 on September 30, including 23 additions to the U.S. broad-market Russell 3000^® Index, in accordance with the firm’s systematic quarterly process.

Of the 67 IPOs added to the Russell Global ex-U.S. Index, 13 will be added to the Russell Greater China Index (China, Hong Kong and Taiwan) and 10 will join the Russell Europe Index, while the Russell Brazil Index gains four IPOs and the Russell Russia Index gains three IPOs.

In the U.S., 25 IPOs will be added this quarter, including four to the large-cap Russell 1000^® Index, 19 into the small-cap Russell 2000^® Index and two into the Russell Microcap^® Index. Overall, this equals three more IPOs (22) than were added in U.S. in the second quarter of 2011 and seven less than the 18 IPOs added in the first quarter of 2011. The 90 IPOs added globally on September 30, 2011 will exceed the total of 77 added to the Russell Global Index in the third quarter of 2010 by 13.

Some of the key U.S. IPO additions to the Russell 3000^® Index for this quarter include; Dunkin’ Brands Group, Inc. (DNKN), HomeAway, Inc. (AWAY), Pandora Media, Inc. (P) and Zillow,Inc. (Z).

"Our quarterly process to identify and add eligible IPOs worldwide is designed to ensure Russell Indexes systematically mirror current market conditions," said Rolf Agather, managing director of index research and innovation. "It's a key component of our index methodology, which aims to consistently provide investors with comprehensive benchmarks that reflect the global equity market with minimal cost turnover."

Inclusion in the various Russell Indexes is determined by market capitalization. Russell weights members of each index by float-adjusted market capitalization and explicitly excludes “locked-up” shares from IPO weights. As IPOs are added each quarter, Russell does not delete existing members to make room, but fully reconstitutes each index annually at the end of the second quarter.

For information on Russell’s IPO additions process and to see the lists of IPOs for the current and previous quarters, go to http://www.russell.com/indexes/tools-resources/initial-public-offerings.asp.

About Russell Investments

Russell Investments is an independent, global financial services firm that provides strategic advice, investment solutions, implementation services and global performance benchmarks that are customized to meet the unique needs of institutional investors, financial advisors and individuals.

Celebrating its 75th anniversary in 2011, 25 years in Sydney and Tokyo and 15 years in the Netherlands, Russell has pioneered innovations that have come to define many of the practices that are standard in the investment world today, and has four decades of experience researching and selecting money managers globally.

Russell has about $163 billion in assets under management (as of 6/30/11) and works with 2,300 institutional clients, 530 independent distribution partners and millions of individual investors globally. As a consultant to some of the largest pools of capital in the world, Russell has $2 trillion in assets under advisement (as of 12/31/2010) and traded $1.4 trillion last year through its implementation services business. The Russell Global Indexes calculate over 50,000 benchmarks daily covering 63 countries and more than 10,000 securities.

Founded in 1936, Russell is headquartered in Seattle, Washington, USA and has offices in Amsterdam, Auckland, Chicago, London, Melbourne, Milan, New York, Paris, San Francisco, Seoul, Singapore, Sydney, Tokyo and Toronto. For more information about how Russell helps to improve financial security for people, visit www.russell.com.

Russell Investments is a Washington, USA Corporation, which operates through subsidiaries worldwide and is a subsidiary of The Northwestern Mutual Life Insurance Company.

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