Russell Indexes Expands – More ETFs?

There should be a flood of exchange traded funds (ETFs) on the way, as Russell Indexes expands its family to more than 300 indexes.  Now it is up to the ETF partners (iShares, Rydex and streetTracks) to create and register ETFs tied to these indexes.

For the U.S., Russell takes the largest-cap stocks – the Russell 1000 – and the smallest-cap stocks – the Russell 2000 – and combined they make the Russell 3000.  These indexes can be further divided.  Russell plans to expand this concept globally and use the same categories for foreign large- and small-cap stocks, reports Bill Donoghue of MarketWatch.com.