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Rating:Russell Gears Up for its ETF Debut Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, July 10, 2009

Russell Gears Up for its ETF Debut

News summary by MFWire's editors

Russell Investment Management looks to be prepping to enter the ETF space, adding another big name to the list of mutual fund managers trying their hand at exhange-traded offerings. A July 2 40-APP request for exemption filed with the SEC revealed that the firm has plans to enter field with both indexed-based and actively-managed funds .

Russell will have a wide range of its own global equity indexes at its disposal to underlie its index-based funds. The Tacoma, Washington-based firm currently manages more than $136 billion in assets in its existing investment products. ETFs based on Russell indexes are currently offered by BGI, Rydex, Direxion and SSgA

Edited by: Meredith Mazzilli


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