Huttig Building Products, Inc. Set to Join Russell Microcap Index
June 26 2014 - 4:00PM
Marketwired
Huttig Building Products, Inc. Set to Join Russell Microcap Index
ST. LOUIS, MO--(Marketwired - Jun 26, 2014) - Huttig Building
Products, Inc. (NASDAQ: HBP) is set to join the Russell Microcap®
Index when Russell Investments reconstitutes its comprehensive set
of U.S. and global equity indexes on June 27, according to a
preliminary list of additions posted June 13 on
www.russell.com/indexes.
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.
"We are pleased to join the Russell Microcap Index. This
achievement is indicative of our improved financial performance
after emerging from the housing recession," said Jon Vrabely,
Huttig's President and CEO. "This listing provides another
positive step forward, for our Company and its shareholders,
increasing visibility and awareness amongst institutional
investors."
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.
Total returns data for the Russell Microcap and other Russell
Indexes is available at
http://www.russell.com/indexes/data/US_Equity/Russell_US_Index_returns.asp.
About Russell:
Russell Investments (Russell) is a global asset manager and one
of only a few firms that offers actively managed 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.
Russell 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 Huttig
Huttig Building Products, Inc., currently in its 130th year of
business, is one of the largest domestic distributors of millwork,
building materials and wood products used principally in new
residential construction and in home improvement, remodeling and
repair work. Huttig distributes its products through 27
distribution centers serving 41 states. The Company's wholesale
distribution centers sell principally to building materials
dealers, national buying groups, home centers and industrial users,
including makers of manufactured homes.
For more information about Huttig, please visit www.huttig.com
or contact Don Hake at investor@huttig.com.
Don Hake investor@huttig.com
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