They are: the Russell Aggressive Growth ETF, Russell Consistent Growth ETF, Russell Growth at a Reasonable Price ETF, Russell Equity Income ETF, Russell Low P/R ETF and Russell Contrarian ETF.
To manage these new funds, Russell has assembled a team of ETF veterans. Each of the funds tracks the performance of a corresponding Russell Investment Discipline Index. These six indexes are constructed from the Russell 1000 Index.
“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,” said James Polisson, managing director of Russell’s global ETF business. “Our team is committed to offering truly innovative products, and we believe that there is a tremendous opportunity for growth by creating ETFs that provide targeted exposures that have not been readily accessible to investors previously.”
Andy Arenberg, managing director of Russell’s global ETF distribution, added: “In developing this first set of ETF products, we sought out the six most prevalent strategies professional investment managers use when selecting individual securities and worked with our investment and index teams to build products that give investors access to actual investment approaches, rather than simply a broad market, style or sector index.”
