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.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.