October 05, 2010 at 14:19 PM EDT
Russell Planning Major ETF Push
As the ETF industry continues to expand at an impressive rate, many companies that were tangentially related to exchange-traded funds have begun to see the promise of issuing their own products in the rapidly growing market. Russell Investments, perhaps best known as the index provider behind some of the world’s most popular ETFs, is one such example. The firm, which is a subsidiary of Northwestern Mutual, currently has close to $4.3 trillion in assets benchmarked to its indexes and accounts for close to two-thirds of U.S. equity products benchmarked by U.S. institutional investors. When we first told you about Russell’s plans to enter the ETF world, it was was with a series of nine ‘One World’ ETFs that sliced and diced the global equity market in a number of different ways. The company also filed with the SEC for two more ETFs, one which targets the large caps in developed [...] Click here to read the original article on ETFdb.com. Related Stories: Russell Takes Step Towards ETF Outburst Vanguard Ups The Ante, Launches Russell ETFs iShares To Launch Russell Top 200 ETFs
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