The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Will Russell Do a FocusShares on Its ETFs? Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 09, 2012

Will Russell Do a FocusShares on Its ETFs?

News summary by MFWire's editors

Russell has disclosed that it plans to make a "strategic review" of its ETF business and to scale back its ETF team. These announcements come after FocusShares revealed that it would be closing all of its ETFs, which has prompted Carolyn Hill from IndexUniverse to wonder whether Russell would be shutting down its ETFs.

Carolyn Hill reports that the closure of some funds is expected for Russell, but shutting down the whole ETF suite seems unlikely.

Russell has over $300 million spread across 26 funds. At least four of the funds are successful ETFs with reasonable asset bases ranging between $50 million to $70 million.

In contrast, FocusShares managed over $100 million in assets across its 15 ETFs, with the Focus Morningstar US Market ETF, its most popular fund, having less than $20 million in AUM as of July 31.

Hill notes that Russell ETFs charge higher expense ratios, roughly about 33 basis points on average, which is significantly higher than those charged by FocusShares ETFs. FocusShares had charged between 5 and 19 bps, a model that was impractical for funds with a low asset base.  

Edited by: HFD

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use