, known for its indexes, filed papers
with the SEC last Friday to launch 11 ETFs. The April 2 filing marks the latest step that Russell is taking on the road to offering its own ETFs.
The filing comes nearly three months after Tacoma, Washington-based Russell
Global Investors executives, both of whom played a key role in building the global
iShares business. Russell tapped James Polisson as managing director of the
global ETF business and Andy Arenberg as managing director of global ETF distribution.
As an index provider, Russell has licensing agreements with
ETF sponsors including iShares, Direxionshares, ProShares and Rydex ExpressShares.
In July of last year, Russell filed a
with the SEC, seeking exemption in order to offer passive and active ETFs.
Russell's N-1A filing with the SEC last week did not list expense ratios for the ETFs.
Russell Investment Management Company
will serve as adviser to the ETFs, Russell Fund Services Company
will be the administrator and State Street Bank and Trust Company
will serve as transfer agent ,
custodian and portfolio accountant.
The proposed ETFs are:
Russell Global 1000 ETF
Russell Global 1000 Growth
Russell Global 1000 Value ETF
Russell Global 2000 ETF
Russell Global 2000 Growth ETF
Russell Global 2000 Value ETF
Russell Global 3000 ETF
Russell Global 3000 Growth ETF
Russell Global 3000 Value ETF
Russell Developed ex US Large Cap ETF
Russell Emerging Markets Large Cap ETF
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