NEW YORK, July 1, 2013 /PRNewswire/ -- ING U.S., Inc. (NYSE: VOYA) announced today that it has been added to the Russell 1000 and Russell Global Indexes. The addition of ING U.S. to both indexes follows Russell Investments' annual reconstitution of its comprehensive set of U.S. and global equity indexes following the close of equity markets on June 28.
"Following our initial public offering in May, we're pleased to now be a part of both the Russell 1000 and Russell Global Indexes," said Rodney O. Martin, Jr., Chairman and Chief Executive Officer, ING U.S. "We're excited about the future as we pursue our vision to be America's Retirement Company, and we look forward to the broader representation ING U.S. will have by being a part of these two indexes."
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. Approximately $4.1 trillion in assets currently are benchmarked to them.
The Russell Global Index, which captures approximately 98% of investable securities globally, is reconstituted annually and all sub-indexes are recalibrated simultaneously to accurately measure current market realities for each market segment. 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 ING U.S.
ING U.S. (NYSE: VOYA), which plans to rebrand in the future as Voya Financial, is a leading provider of financial products and services, both at the workplace and through an expansive distribution network of financial professionals. ING U.S.'s mission is to guide Americans on their journey to greater retirement readiness and to make a secure financial future possible – one person, one family, and one institution at a time.
ING U.S.'s vision is to be America's Retirement Company. The ING U.S. Retirement Solutions, Investment Management and Insurance Solutions businesses reach approximately 13 million retail and institutional clients and customers with a comprehensive array of financial products and services, such as retirement plans, IRA rollovers and transfers, stable value, institutional investment management, mutual funds, alternative investments, life insurance, employee benefits, fixed and indexed annuities, and financial planning. ING U.S. has more than $481 billion in assets under management and administration as of March 31, 2013.
SOURCE ING U.S.