Russell Announces Plans For More Small-Cap ETFs

Russell Investments, the firm behind the benchmark Russell indexes, is looking for more ways to bolster its ETF footprint, announcing plans for five new domestic small-cap equity ETFs. Last year, Russell announced plans for niche ETFs such as a contrarian fund, a GARP fund and an aggressive growth ETF. The five new ETFs planned by Russell split up the benchmark Russell 2000 small-cap on factors such as beta, momentum and volatility. The new funds are as follows: Russell 2000 Low Beta ETF: Tracks the Russell-Axioma U.S. Small Cap Low Beta Index. Russell 2000 High Beta ETF: Will follow the Russell-Axioma U.S. Small Cap High Beta Index. Russell 2000 Low Volatility ETF: Tracks the Russell-Axioma U.S. Small Cap Low Volatility Index. Russell 2000 High Volatility ETF: Tracks the Russell-Axioma U.S. Small Cap High Volatility Index. Russell 2000 High Momentum ETF: Will follow the Russell-Axioma U.S. Small Cap High Momentum Index. Russell did not disclose tickers, fees or launch dates for the funds. In February, Russell completed its purchase of U.S. One and is looking to expand in the active ETF business as well with the the Russell Global Opportunity ETF (ONEO), Russell Bond ETF (ONEB), and Russell Inflation ETF (ONEI), according to ETFdb.com