Skip to main content

Market Overview

Russell Investments Reviewing ETF Operations

Share:

Russell Investments, the index provider for some of the largest ETFs, announced it is reviewing its own ETF business. According to a statement, the firm is "conducting a strategic review of its direct U.S. ETF business in an effort to focus more exclusively on its core competency – delivering multi-asset solutions to institutional investors, financial advisors and individuals globally."

The investment teams responsible for the Russell ETFs will remain in place during the review and the funds will continue trading, but Russell is scaling back its dedicated U.S. ETF team the firm said in the statement.

ETFs using Russell indexes have more than $80 billion in AUM, according to the statement.

Russell currently sponsors 26 ETFs, including the Russell 1000 Low Volatility ETF (NYSE: LVOL), the newly minted Russell High Dividend Yield ETF (NYSE: HDIV), the Russell Developed ex-U.S. Low Beta ETF (NYSE: XLBT), the Russell Small Cap Contrarian ETF (NYSE: SCTR) and the Russell Consistent Growth ETF (NYSE: CONG).

 

Related Articles (CONG)

View Comments and Join the Discussion!

Posted-In: News Sector ETFs Broad U.S. Equity ETFs Specialty ETFs New ETFs Intraday Update Markets Trading Ideas

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com