One week after finalizing its deal to buy U.S. One, Russell Investments has filed to launch 18 new exchange traded funds (ETFs) using its new acquisition’s exemptive-relief status.
Joe Morris for Ignites reports that the filings, which include funds for which U.S. One has registered, are all based on Russell indexes and include 13 that it has already attempted to bring to market.
The five additional ETFs proposed in the filing are:
- Russell 2000 Low Beta ETF
- Russell 2000 High Beta ETF
- Russell 2000 Low Volatility ETF
- Russell 2000 High Volatility ETF
- Russell 2000 High Momentum ETF
When Russell launches these funds, it will the the first time an index provider has launched proprietary ETFs, which is said to have been part of the holdup with the SEC, says Index Universe.
Tisha Guerrero contributed to this article.
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