Products May 19, 2011

Russell Enters ETF Biz

Russell Investments has introduced its first suite of exchange-traded funds (ETFs), the Russell Investment Discipline ETFs.
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The firm says the Russell Investment Discipline ETFs are the first family of ETFs designed to offer focused, transparent and consistent exposure to U.S. large-cap equities across six investment disciplines commonly practiced by professional investment managers.  

The suite includes: 

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  • Russell Aggressive Growth ETF (NYSE: AGRG), 
  • Russell Consistent Growth ETF (NYSE: CONG), 
  • Russell Growth at a Reasonable Price ETF (NYSE: GRPC), 
  • Russell Equity Income ETF (NYSE: EQIN), 
  • Russell Low P/E ETF (NYSE: LWPE), and 
  • Russell Contrarian ETF (NYSE: CNTR). 

Each Russell Investment Discipline ETF tracks the performance of a corresponding Russell Investment Discipline Index (see “Russell Introduces Investment Discipline Indexes“), which is independently screened and constructed in order to reflect the return patterns of a particular investment strategy. The Russell Investment Discipline Indexes are constructed from the companies in the Russell 1000 Index.  

Russell says it had assembled a seasoned team of ETF veterans from across the industry, based mostly in San Francisco, to prepare for this ETF launch.

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