MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, August 7, 2012 Russell Scales Back Its $300MM ETF Business Russell Investment [profile] is making a "strategic review" of its ETF business, laying off about thirty workers, Bloomberg Businessweek reports. In a statement, Russell said it will focus on its core role of providing multiasset solutions to investors and advisors. A Russell spokesman told Bloomberg Businessweek that the Seattle-based money managers planned to cut the thirty positions in its New York and San Francisco offices. Russell's ETFs hold about $300 million in assets, and the firm manages $152 billion in total, the article states. Printed from: MFWire.com/story.asp?s=40859 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |