The exchange traded fund (ETF) industry is growing and more companies are taking note. That’s why Russell Investments is further extending its reach into the ETF business, filing with the SEC to launch a whole suite of new funds.

Russell has filed with The Securities and Exchange Commission (SEC) to launch 17 new ETFs, on top of 11 funds it already filed to offer last month. Nine of the funds are going to track the Russell Global 1000, 2000 and 3000 indexes, and they target global firms outside the United States, reports Olivier Ludwig for Index Universe. [Brokerages May Get In on ETFs.]

The provider is taking aim at the ETF business with a larger spectrum of ETFs to cover more of the market and appeal to investors. All the new funds will be index-based and will use sampling strategies, meaning they won’t have to own all the securities in their underlying indexes. The ETFs can be viewed here, minus their ticker symbols. [How ETF Providers Are Ramping Up the Competition.]

Russell also enjoys a robust index licensing business. About $4 trillion is benchmarked to its family of global equity indexes and $65 billion is managed against those indexes in ETF form, reports Matt Ackerman for On Wall Street. That number will almost surely grow, since Vanguard recently announced plans for 19 new ETFs this year, some of which will be based on Russell Indexes. [More Details on Vanguard’s New ETFs.]

For more stories about ETFs, visit our ETF 101 category.

Tisha Guerrero contributed to this article.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. 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.