Russell debuts own line of ETFs: report
Russell Investments, a top provider of market indexes for exchange-traded funds, said it was opening its own line of ETFs, Reuters reported.
It said the six funds, which started trading on Thursday, do more than simply track popular benchmarks like the Russell 3000 Index. Each incorporates an investment strategy, such as the Russell Aggressive Growth ETF and the Russell Low P/E ETF.
Most leading ETF providers, including BlackRock Inc's iShares unit and Vanguard Group, offer funds that track Russell's basic indexes, Reuters said.
Seattle-based Russell was the fourth-largest index provider for U.S. ETFs at the end of April, measured by total fund assets, trailing MSCI Inc, McGraw-Hill Cos Inc's Standard & Poor's unit and Barclays Capital, it added.
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