Russell Investments is planning to close its family of 25 passively managed ETFs. The firm will continue to operate the Russell Equity ETF, which is an actively managed, asset allocated portfolio.

"While the innovation behind Russell's next-generation ETF products received substantial interest in general, the market for them is still in its early days," according to a press release. "Given challenging equity market conditions since the launch of these products, Russell determined that proposing the liquidation of the passively-managed ETFs at this time is in the best interests of the ETFs and their shareholders."

The funds had approximately $310 million in assets as of July 31, 2012.

The funds that are being shuttered include 10 "factor" ETFs that were launched a little over a year ago. The ETFs were designed to deliver focused large cap and small cap exposure to five significant risk factors - high beta, low beta, high volatility, low volatility and high momentum - while also managing portfolio exposure and control exposure to other non-targeted risk factors.

Russell will also be closing its 10 "investment discipline" ETFs and its two "high dividend yield" ETFs.

The affected funds will be closed to new investment on Oct. 9, 2012. The funds will be delisted from NYSE Arca or the NASDAQ Stock Market at the close of trading on Oct. 16, 2012. On the same date, the funds will commence the process of liquidating their assets.

ETFs to be discontinued

Ticker

Exchange

Russell 1000 High Beta ETF

HBTA

NYSE Arca

Russell 1000 Low Beta ETF

LBTA

NYSE Arca

Russell 1000 High Volatility ETF

HVOL

NYSE Arca

Russell 1000 Low Volatility ETF

LVOL

NYSE Arca

Russell 1000 High Momentum ETF

HMTM

NYSE Arca

Russell 2000 High Beta ETF

SHBT

NYSE Arca

Russell 2000 Low Beta ETF

SLBT

NYSE Arca

Russell 2000 High Volatility ETF

SHVY

NYSE Arca

Russell 2000 Low Volatility ETF

SLVY

NYSE Arca

Russell 2000 High Momentum ETF

SHMO

NYSE Arca

Russell Developed ex-U.S. Low Beta ETF

XLBT

NYSE Arca

Russell Developed ex-U.S. Low Volatility ETF

XLVO

NYSE Arca

Russell Developed ex-U.S. High Momentum ETF

XHMO

NYSE Arca

 

Russell Aggressive Growth ETF

AGRG

NYSE Arca

Russell Consistent Growth ETF

CONG

NYSE Arca

Russell Contrarian ETF

CNTR

NYSE Arca

Russell Equity Income ETF

EQIN

NYSE Arca

Russell Growth at a Reasonable Price ETF

GRPC

NYSE Arca

Russell Low P/E ETF

LWPE

NYSE Arca

Russell Small Cap Aggressive Growth ETF

SGGG

NASDAQ

Russell Small Cap Consistent Growth ETF

SCOG

NASDAQ

Russell Small Cap Contrarian ETF

SCTR

NASDAQ

Russell Small Cap Low P/E ETF

SCLP

NASDAQ

 

Russell High Dividend Yield ETF

HDIV

NYSE Arca

Russell Small Cap High Dividend Yield ETF

DIVS

NYSE Arca