Each of the new Russell Investment Discipline Indexes defines and reflects a particular approach to security selection commonly practiced by professional investment managers, according to the announcement.
To develop the Russell Investment Discipline Indexes, Russell analysts defined the six most common approaches of professional investment managers in identifying attractive investment opportunities and categorized them into individual disciplines. The full suite of Russell Investment Discipline Indexes includes the Russell U.S. Large Cap Aggressive Growth Index, Russell U.S. Large Cap Consistent Growth Index, Russell U.S. Large Cap Growth at a Reasonable Price (GARP) Index, Russell U.S. Large Cap Equity Income Index, Russell U.S. Large Cap Low P/E Index and Russell U.S. Large Cap Contrarian Index.
In order to reflect the return pattern of a typical manager within a specific investment discipline, the construction of each index is unique to the respective discipline being approximated. For example, the screening technique used to construct the Russell U.S. Large Cap Low P/E Index differs from the methodology for the construction of the Russell U.S. Large Cap Consistent Growth Index.More information on these indexes and returns is available here.