ALLENTOWN, Pa., July 1, 2013 /PRNewswire/ -- Taminco Corporation (NYSE: TAM) today announced that it joined the broad-market Russell 3000® and Russell Global Indexes following the Russell Investments reconstitution of its comprehensive set of U.S. and global equity indexes after the U.S. markets closed on June 28, according to a list of additions posted on www.russell.com/indexes.
Annual reconstitution of Russell's U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. Membership in the Russell 3000® means 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. The Russell 3000® also serves as the U.S. component to the Russell Global Index, which Russell launched in 2007.
"We are pleased with Taminco's addition to the Russell Indexes," CEO, Laurent Lenoir commented. "We look forward to the opportunity to increase awareness about Taminco and to continue to expand our shareholder base following our IPO in April on the New York Stock Exchange."
Membership in the Russell Indexes remains in place for one year. 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 both passive and active investment strategies. Approximately $4.1 trillion in assets are benchmarked to the Russell Indexes.
About Taminco Corporation
Taminco is the world's largest producer of alkylamines and alkylamine derivatives. Our products are used by customers in the manufacture of a diverse array of products for the agriculture, water treatment, personal & home care, animal nutrition and oil & gas end-markets. Our products provide these goods with a variety of ancillary characteristics required for optimal performance. We currently employ about 800 people and operate in 19 countries with seven production facilities in the U.S., Europe and Asia.
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 $173 billion in assets under management (as of 3/31/2013) 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 $2.6 trillion in assets under advisement (as of 12/31/2012). 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 $1.4 trillion in 2012 through its implementation services business.
SOURCE Taminco Corporation