Russell Investments and Parametric Portfolio Associates have pooled their resources in order to offer a new joint index that will be a “vital metric for investment decisions” in the future, the two Washington-based firms said Monday.

The new amalgamation, which will includes the collaborative efforts of Russell, whose headquarters are in Tacoma, and Seattle-based Parametric, have made way for an index that will look to “measure the return dispersion of a universe of securities,” the Oct. 18 press release said. 

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