Benchmark Survey: Russell Indexes Rank #1 in Institutional Usage; Eight of the top 10 U.S. benchmarks are Russell indexes.TACOMA Tacoma (təkō`mə), city (1990 pop. 176,664), seat of Pierce co., W Wash., on Commencement Bay and Puget Sound at the mouth of the Puyallup River; inc. 1884. , Wash. -- Russell's family of 21 U.S. indexes continues to rank as the most widely used set of performance benchmarks among institutional investment products, which include funds used by corporate pension plans and other institutional investment organizations. A new survey measuring market share of various stock index families shows Russell holds an industry-leading 48.6% share of the institutional market for benchmarks, and Russell's style indexes in particular continue to grow in popularity as benchmarks for active portfolios. The survey also found about $1.4 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. in assets now is benchmarked to Russell indexes Russell Indexes US equity index widely used by pension and mutual fund investors that are weighted by market capitalization and published by the Frank Russell Company of Tacoma, Washington. and, in terms of institutional usage, Russell indexes represent eight of the top 10 and 11 of the top 13 benchmarks. The small cap Russell 2000(R) Index ranks as the second most commonly used equity benchmark in the U.S. institutional market. These rankings were determined by Russell's examination of 2,790 U.S. equity products listed in Nelson Information's Marketplace Web database. A report of the survey is posted on www.russell.com. "Professional investors clearly understand that Russell indexes provide them with objective benchmarks because they know the importance of using the right tools when measuring relative performance of investment funds Noun 1. investment funds - money that is invested with an expectation of profit investment assets - anything of material value or usefulness that is owned by a person or company ," said David Grieger, managing director of Russell's global marketing group. "Since Russell indexes are a direct outgrowth of our need for better tools to evaluate investment managers for Russell's core multi-manager investment Multi-manager investment is an investment product that consists of multiple specialized funds. Each specialized fund may invest across different sectors and markets, or having managers investing in the same asset class but have different investment styles. business, they were specifically created as broadly representative and unbiased performance benchmarks. More and more investors are recognizing this quality, and they clearly want to use the most relevant indexes available." Russell's family of indexes was the only major set of benchmarks to gain market share based on product usage this year, continuing a trend identified by Nelson in its original survey of benchmark usage in 1998. Russell's market share has increased from 18.5% in 1996, 27.9% in 1998 and 39.3% in 2002. "Russell created its indexes to be used as benchmarks by institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. ," said Kelly Haughton, strategic director for Russell indexes. "We are heartened to see that Russell indexes are the benchmarks of choice among investment managers of institutional U.S. equity funds." The strongest shift among Russell indexes was the surge in use of Russell's growth and value style indexes. The Russell 2000(R) Growth Index, for example, now is the benchmark of choice for 194 investment products, increasing from 31 in 1996, 81 in 1998, 116 in 2002, and 174 in 2003. Individually, the top 10 U.S. equity benchmarks ranked by usage are the Standard & Poors 500 Index, Russell 2000(R) Index, Russell 1000(R) Value Index, Russell 2000(R) Growth Index, Russell 1000(R) Growth Index, Russell 2000(R) Value Index, Russell Midcap mid·cap adj. 1. Or or relating to corporations whose retained earnings and outstanding shares of common stock have a value between those of small cap companies and large cap corporations. 2. (R) Growth Index, Russell 2500(TM) Index, Russell Midcap(R) Value Index, and the Standard and Poors MidCap 400 Index. Russell originally developed and still uses its indexes as tools to help pension plan sponsors and other investors evaluate the performance of active investment managers. The indexes also help investors assemble and evaluate a total portfolio by using benchmarks that reflect particular market segments based on objective criteria, such as capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. and tradable shares. About Thomson Nelson Information Thomson Nelson Information, based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , has been a leader in providing information and software to the global institutional investment community for more than 25 years. The firm's product line includes MarketPlaceWeb, proprietary databases, and a full line of comprehensive directories covering all facets of the institutional investment industry. For more information, go to www.marketplaceweb.com. About Russell Russell Investment Group Russell Investment Group is an investment firm with global reach, providing investment products and services to individuals and institutions in 44 countries. A pioneer in multi-manager investing, and the creator of Russell Indexes, Russell manages more than US$200 billion in assets , global leader in multi-manager investing, provides investment products and services in more than 35 countries. Russell manages more than $107 billion in assets and advises clients worldwide representing more than $1.8 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo. For more information about Russell, go to www.russell.com. Russell Investment Group is a registered trade name of Frank Russell Frank Russell may refer to the following people:
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