PICKERINGTON, Ohio, June 28 /PRNewswire-FirstCall/ -- R.G. Barry Corporation (Nasdaq: DFZ) joined the broad-market Russell 3000 Index Friday when Russell Investments reconstituted its set of U.S. and global equity indexes.
The annual reconstitution, which occurred after Friday's market close, captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. For R.G. Barry, membership in the Russell 3000 means automatic inclusion in the small-cap Russell 2000 Index, as well as 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 that we have qualified for inclusion in the Russell indexes," said R.G. Barry Corporation President and Chief Executive Officer Greg Tunney. "We know that our consistent operating performance, profitable growth and enriched shareholder value over the past five years, has made R.G. Barry a great investment opportunity. With our inclusion in the Russell indexes, a broader universe of investment managers, institutions and analysts will now be exposed to our story."
The Russell 3000 also serves as the U.S. component to the Russell Global Index, which Russell launched in 2007. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $3.9 trillion in assets currently are benchmarked to them.
About R.G. Barry Corporation
R.G. Barry Corporation, the Dearfoams® company, is one of the world's leading developers and marketers of accessory footwear. Visit us online at www.rgbarry.com to learn more about our business.
SOURCE R.G. Barry Corporation