Russell Investments has long served as a behind-the-scenes index provider for many popular ETFs, but now the company is jumping into the spotlight with its own lineup of proprietary ETFs.
The company’s first suite called Russell Investment Discipline ETFs, offer exposure to U.S. large-cap equities across six investment disciplines commonly practiced by professional investment managers.
“Having been involved in the ETF industry since its inception through my career, I recognized an opportunity, perhaps unique to Russell, to provide sophisticated ETF products that expand beyond traditional market offerings,” says James Polisson, managing director of Russell’s global ETF business.
The suite includes:
- Russell Aggressive Growth ETF (AGRG)
- Russell Consistent Growth ETF (CONG)
- Russell Growth at a Reasonable Price ETF (GRPC)
- Russell Equity Income ETF (EQIN)
- Russell Low P/E ETF (LWPE)
- Russell Contrarian ETF (CNTR)
Each Russell Investment Discipline ETF tracks the performance of a corresponding Russell Investment Discipline Index, which is independently screened and constructed in order to reflect the return patterns of a particular investment strategy.
The Russell Investment Discipline Indexes are constructed from the companies in the Russell 1000 Index, which is the most widely used U.S. large-cap index among institutional investors.
Russell said its ETFs would complement existing ETF products offered by its partners, which currently account for around $84 billion in ETF assets (as of April 30, 2011).