FOOTHILL RANCH, Calif.--Kaiser Aluminum , a leading producer of fabricated aluminum products, today announced that the company has been added to the Russell 2000® index.
"Inclusion in the Russell 2000 index will further enhance the company's visibility with investors and institutions, and therefore add value to the company and our shareholders," said Jack A. Hockema, chairman, president and CEO of Kaiser Aluminum.
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 $4 trillion in assets currently are benchmarked to them.
Annual reconstitution of Russell's U.S. indexes captures the largest U.S. stocks as of the end of May, ranking them by total market capitalization. The largest 1,000 companies in this ranking comprise the Russell 1000 and the next 2,000 companies become the Russell 2000.
Kaiser Aluminum is a leading producer of fabricated aluminum products for aerospace and high-strength, general engineering, and automotive and custom industrial applications. The company has more than 2,000 employees and 11 plants in North America and produces more than 500 million pounds annually of value-added sheet, plate, extrusions, forgings, rod, bar and tube.
Founded in 1936, Russell Investment Group is a subsidiary of Northwestern Mutual Life Insurance Company. With more than $200 billion in assets under management, Russell serves individual, institutional and advisor clients in more than 40 countries.
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