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JACKSONVILLE, Fla., Jun 25, 2012 (BUSINESS WIRE) --
EverBank Financial Corp
(NYSE:EVER)
("EverBank" or the "Company")
announced today that it is set to join the Russell Global Index when
Russell Investments reconstitutes its comprehensive set of global equity
indexes on June 25, according to a preliminary list of additions posted
June 8 on
www.russell.com .
Membership in the Russell Global Index, which remains in place for one
year, means automatic inclusion in the appropriate large-cap, small-cap,
all-cap indexes as well as the applicable style, sector and country
indexes. Russell determines membership for its equity indexes primarily
by objective, market-capitalization rankings and style attributes.
Robert M. Clements, Chairman of the Board and Chief Executive Officer of
EverBank commented, "We are very pleased to join the Russell Global
Index. The inclusion represents a significant opportunity for our
company to broaden its shareholder base."
Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
investment strategies. In the institutional marketplace, an
industry-leading $3.9 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. Russell
launched the Russell Global Index in 2007, leveraging the popular
methodology from its U.S. indexes. The broad-market Russell 3000(R)
Index serves as the U.S. component to the Russell Global Index.
About EverBank Financial Corp
EverBank Financial Corp provides a diverse range of financial products
and services directly to clients nationwide through multiple business
channels. Headquartered in Jacksonville, Florida, EverBank has $13.8
billion in assets and $10.6 billion in deposits as of March 31, 2012.
With an emphasis on value, innovation and service, EverBank offers a
broad selection of banking, lending and investing products to consumers
and businesses. EverBank provides services to customers through
websites, over the phone, through the mail and at its Florida-based
financial centers. More information on EverBank can be found at
www.abouteverbank.com/ir .
About Russell
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. Working
with institutional investors, financial advisors and individuals,
Russell's core capabilities extend across capital markets insights,
manager research, Indexes, portfolio implementation and portfolio
construction.
Russell has approximately $155 billion in assets under management (as of
3/31/2012) and works with 2,400 institutional clients, more than 580
independent distribution partners and advisors, and individual investors
globally. Founded in 1936, Russell is a subsidiary of The Northwestern
Mutual Life Insurance Company.
SOURCE: EverBank
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