WOODLAND HILLS, Calif.--(BUSINESS WIRE)--United Online, Inc. (NASDAQ: UNTD), a leading provider of consumer services and products over the Internet, today announced that it has been added to the Russell 2000® and Russell 3000® Indexes, following Russell Investments’ annual reconstitution of its U.S. and global equity indexes on June 26, 2015.
“We are very pleased to have been added to the Russell 2000 and Russell 3000 Indexes, which creates an opportunity to increase our overall visibility among key institutional investors,” said Francis Lobo, President and Chief Executive Officer of United Online. “We believe our inclusion represents another milestone in the growth of our company and we look forward to the additional exposure and trading liquidity it should provide.”
Annual reconstitution of Russell's indexes captures the 4,000 largest U.S. stocks as of the end of May each year, ranking them by total market capitalization. Membership in the Russell 3000, which remains in place for one year, allows for automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index, as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell 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. Approximately $5.7 trillion in assets are benchmarked to Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider. For more information, visit www.ftserussell.com.
About United Online®
United Online, Inc. (NASDAQ: UNTD), through its operating subsidiaries, is a leading provider of consumer products and services over the Internet, where the company’s brands have attracted a large online audience that includes more than 100 million registered accounts. The Company’s primary Communications service is Internet access. The Company’s Commerce & Loyalty segment provides a complete web, browser and mobile shopper experience through a portfolio of apps, browser extensions and online portals and promotes commerce and other engagement from its loyalty marketing service. The Company’s Social Media segment provides social networking services and products. United Online is headquartered in Woodland Hills, CA, and operates through a global network of locations in the U.S., Germany, and India.