• Expands upon FTSE Russell's innovative family of U.S. style indexes
  • A more concentrated "smart beta" version of Russell Growth & Value Indexes
  • Invesco PowerShares to use as basis for new set of ETFs

FTSE Russell, a leading global index provider, today announced the launch of the Russell Pure Style® Index Series. An extension of the Russell Growth and Value Indexes, the series is designed as a more concentrated and targeted measure of stocks exhibiting strong growth or value characteristics, providing an added dimension to investors seeking additional ways of managing their U.S. equity style exposures.

The new series will initially include eight indexes covering the Russell Top 200®, Russell Midcap®, Russell 1000® and Russell 2000® Pure Growth and Value Indexes. The Russell Pure Style Index methodology includes only those stocks that are classified as pure growth or pure value and does not include stocks which exhibit both growth and value characteristics. In addition, the stocks in the Russell Pure Style indexes are style score-weighted rather than market cap-weighted. The new indexes complement the original Russell Growth and Value Indexes.

The Russell Pure Style Indexes can serve as the basis for exchange traded funds (ETFs) and institutional asset mandates. Invesco PowerShares Capital Management has licensed the indexes to form the basis for a new set of ETFs launching today.

Ron Bundy, CEO Benchmarks North America, FTSE Russell, said:

"We are delighted to tap into our capabilities for index innovation and offer expanded tools to meet growing investor needs while building on our growth and value index leadership in the U.S. We are also pleased that Invesco PowerShares has decided to use the indexes as the basis for a new suite of ETFs."

FTSE Russell was the first index provider to measure and identify style investing when Russell Indexes launched its growth and value indexes in 1987 after recognizing that some money managers primarily purchased either "growth" or "value" stocks. At the end of 2014, more than $2.2 trillion in assets were benchmarked to the Russell style indexes across various U.S. asset classes and these indexes formed the basis for nearly 1,800 retail and institutional investment products. Today, 99% of all U.S. institutional equity products that are benchmarked to a style index are benchmarked to Russell.

For more information on the Russell Pure Style Indexes including a new video go to the FTSE Russell website.

For further information:

Global media
Lucie Holloway or Harry Stein +44 (0)20 7797 1222
Mark Benhard or Tim Benedict +1 212 314 1199
newsroom@lseg.com

Regional contacts
Hong Kong: Fennie Wong +852 2164 3267
Sydney: Laura McCrackle +61 2 9293 2867

Notes to editors:

About FTSE Russell:

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 80 countries, covering 98% of the investable market globally and trading on over 25 exchanges worldwide.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Leading asset owners, asset managers, ETF providers and investment banks use FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance. FTSE Russell is also focused on index innovation and client collaboration as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit www.ftserussell.com.

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is a diversified international market infrastructure and capital markets business sitting at the heart of the world's financial community. The Group can trace its history back to 1698.

The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, a pan-European equities MTF. It is also home to one of the world's leading growth markets for SMEs, AIM. Through its platforms, the Group offers international business and investors unrivalled access to Europe's capital markets.

Post trade and risk management services are a significant part of the Group's business operations. In addition to majority ownership of multi-asset global CCP operator, LCH.Clearnet Group, LSEG operates CC&G, the Italian clearing house; Monte Titoli, the T2S-ready European settlement business; and globeSettle, the Group's newly established CSD based in Luxembourg.

The Group is a global leader in indexing and analytic solutions. FTSE Russell offer thousands of indexes that measure and benchmark markets around the world. The Group also provides customers with an extensive range of real time and reference data products, including SEDOL, UnaVista, Proquote and RNS.

Following the acquisition of Russell Investments, LSEG conducted a comprehensive review of the investment management business to analyse its strategic fit with the Group. This was concluded in February 2015, and LSEG is now exploring a sale of the business in its entirety.

London Stock Exchange Group is a leading developer of high performance trading platforms and capital markets software for customers around the world. In addition to the Group's own markets, over 35 other organisations and exchanges use the Group's MillenniumIT trading, surveillance and post trade technology.

Headquartered in London, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,700 people.

Further information on London Stock Exchange Group can be found at www.lseg.com.

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