Russell Expands Suite Of “Factor ETFs” With Ex-U.S. Funds
Russell, the longtime index provider in the midst of a major push into the ETF issuer business, continued the rapid expansion of its product lineup this week with the introduction of its first international equity funds. The company launched three new funds focusing on developed markets outside of the U.S., with each targeting exposure based on specific “factors.” The three new ETFs, which bring the company’s total to 24, are: Developed ex-US High Momentum ETF (XHMO): This ETF is linked to the Russell-Axioma Developed ex-U.S. Large Cap High Momentum Index, a benchmark that are selected based on medium-term momentum, which is defined as cumulative return over the last 250 trading days, excluding the last 20 trading days. Top index components at the end of October included Royal Dutch Shell, Novo-Nordisk, and Vodafone. Developed ex-US Low Volatility ETF (XLVO): This ETF seeks to replicate the Russell-Axioma Developed ex-U.S. Large Cap Low [...] Click here to read the original article on ETFdb.com. Related Posts: Russell ETF Pipeline: Taking Factor Investing International May ETF Roundup: Launches, Filings, and Closures ETF Insider: Recapping A Wild Week Russell Debuts Slew Of Factor ETFs iShares Launches Minimum Volatility ETFs
Russell, the longtime index provider in the midst of a major push into the ETF issuer business, continued the rapid expansion of its product lineup this week with the introduction of its first international equity funds. The company launched three new funds focusing on developed markets outside of the U.S., with each targeting exposure based on specific “factors.” The three new ETFs, which bring the company’s total to 24, are: Developed ex-US High Momentum ETF (XHMO): This ETF is linked to the Russell-Axioma Developed ex-U.S. Large Cap High Momentum Index, a benchmark that are selected based on medium-term momentum, which is defined as cumulative return over the last 250 trading days, excluding the last 20 trading days. Top index components at the end of October included Royal Dutch Shell, Novo-Nordisk, and Vodafone. Developed ex-US Low Volatility ETF (XLVO): This ETF seeks to replicate the Russell-Axioma Developed ex-U.S. Large Cap Low [...]

Click here to read the original article on ETFdb.com.

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