“Having been involved in the ETF industry since its inception through my career, I recognized an opportunity, perhaps unique to Russell, to provide sophisticated ETF products that expand beyond traditional market offerings,” Polisson said.
The new ETFs are:
- Russell Aggressive Growth ETF (NYSEArca: AGRG)
- Russell Consistent Growth ETF (NYSEArca: CONG)
- Russell Growth at a Reasonable Price ETF (NYSEArca: GRPC)
- Russell Equity Income ETF (NYSEArca: EQIN)
- Russell Low P/E ETF (NYSEArca: LWPE)
- Russell Contrarian ETF (NYSEArca: CNTR)
All of the funds charge an expense ratio of 0.37%.
The tracking indexes are designed to reflect how professional investors follow a particular discipline. They are not purely capitalization-weighted. Through the years, Russell analysts have identified common characteristics and preferences used by some investors when selecting their preferred portfolio.
All six of the indexes are subsets of the Russell 1000, an index of large-cap U.S. stocks.
For example, the Russell Consistent Growth ETF targets companies that have steadily produced long-term earnings above market expectations, and have conservative balance sheets. Meanwhile, the Russell Growth at a Reasonable Price ETF avoids companies with a high price-to-earnings (P/E) ratio.
Tisha Guerrero contributed to this article.