Russell Investments is hard at work building up a line of exchange traded funds (ETFs).
The company filed with the Securities and Exchange Commission (SEC) to launch three fund-of-fund ETFs. The move comes in the wake of its acquisition of U.S. One, the provider of U.S. One Fund (NYSEArca: ONEF).
These three funds are only the latest filings from Russell, which already has 30-plus ETFs in the pipeline.
The ETFs in the works, according to Index Universe, are:
- Russell Global Opportunity (NYSEArca: ONEO): Will give exposure to a range of indexes, including equities, fixed-income and real estate.
- Russell Bond (NYSEArca: ONEB): Will give exposure to both domestic and international debt from both developed and emerging markets.
- Russell Inflation (NYSEArca: ONEI): This fund will aim to mitigate the effects of inflation by owning a range of securities, including Treasury Inflation-Protected Securities (TIPS).
No details on the expense ratio of the funds were given. Russell Investment Management Company will be the advisor for all three of the funds.
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.