Viggle To Be Added To The Russell Microcap Index
June 24 2014 - 08:00AM
Business Wire
Viggle Inc. (NASDAQ: VGGL), the entertainment marketing
and rewards platform, today announced that it will be added to
the Russell Microcap® Index when Russell
Investments reconstitutes its comprehensive set of U.S. and global
equity indexes on June 27, 2014, according to a preliminary list of
additions posted June 13, 2014 on www.russell.com/indexes.
“We are very pleased to have been added to the Russell Microcap
Index,” said Greg Consiglio, President and COO of Viggle Inc.
“Being included in the index is a great accomplishment for our
company and we look forward to furthering our exposure in the
investment community as we continue to grow our business.”
Membership in the Russell Microcap Index, which remains in place
for one year, means automatic inclusion in the appropriate growth
and value style indexes. 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 active investment strategies. Russell calculates
more than 700,000 benchmarks daily, covering approximately 98
percent of the investable market globally, 80 countries and more
than 10,000 securities. Approximately $5.2 trillion in assets
are benchmarked to the Russell Indexes.
Annual reconstitution of Russell Indexes captures the 4,000
largest U.S. stocks as of the end of May, ranking them by total
market capitalization to create the Russell 3000® Index and Russell
Microcap Index. These investment tools originated from Russell's
multi-manager investment business in the early 1980s when the
company saw the need for a more objective, market-driven set of
benchmarks in order to evaluate outside investment managers.
About Russell
Russell Investments (Russell) is a global asset manager and one
of only a few firms that offer actively manage multi-asset
portfolios and services that include advice, investments and
implementation. Russell stands with institutional investors,
financial advisors and individuals working with their
advisors—using the firm’s core capabilities that extend across
capital market insights, manager research, portfolio construction,
portfolio implementation and indexes to help each achieve their
desired investment outcomes. Russell has more than $259 billion in
assets under management (as of 3/31/2014) and works with over 2,500
institutional clients, independent distribution partners and
individual investors globally. As a consultant to some of the
largest pools of capital in the world, Russell has $2.4 trillion in
assets under advisement (as of 6/30/2013). It has four decades of
experience researching and selecting investment managers and meets
annually with more than 2,200 managers around the world. Russell
traded more than $1.6 trillion in 2013 through its implementation
services business. It also calculates approximately 700,000
benchmarks daily covering 98% of the investable market globally,
including more than 80 countries and more than 10,000 securities.
Approximately $5.2 trillion in assets are benchmarked (as of
12/31/2013) to the Russell Indexes, which have provided investors
with 30 years of smarter beta.
About Viggle Inc.
Viggle is an entertainment marketing and rewards platform whose
app rewards its members for watching TV shows and discovering new
music. The Viggle mobile app has over 4 million users. Since its
launch, Vigglers have redeemed over $18 million in rewards for
watching their favorite TV programs and listening to music. In
addition, Viggle operates Wetpaint, which offers entertainment and
celebrity news online. Viggle also operates Dijit Media, maker of
technology that helps consumers search for, find, and set reminders
for TV shows and movies. For more information, visit www.viggle.com
or follow us on Twitter @Viggle.
Safe Harbor Statement
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements involve
inherent risks and uncertainties that could cause actual results to
differ materially from those projected or anticipated. All
information provided in this press release is as of June 24, 2014.
Except as required by law, Viggle Inc. undertakes no obligation to
update or revise publicly any forward-looking statements, whether
as a result of new information, future events or otherwise, after
the date on which the statements are made or to reflect the
occurrence of unanticipated events.
Media Contact for Viggle:DKC Public RelationsEzra Rich,
1-212-981-5273ezra_rich@dkcnews.comorViggle Investor
Relations:Viggle Inc.John C. Small,
1-646-738-3220CFOjohn@viggle.comorIRTH CommunicationsRobert Haag,
1-866-976-4784Managing Partnerinvt@irthcommunications.com