Russell Investments has launched four small-cap exchange traded funds . The four ETFs track the newly launched Russell U.S. Small Cap Investment Discipline Indexes.
“We created these unique products to answer a very specific need in the market,” James Polisson, CEO of Russell’s global ETF business, said. “Sophisticated investors now have a specific vehicle that provides them with focused exposure in the small cap asset class beyond the strict classification by sector and style.” [Small-Cap ETFs Provide Clues on Markets Mood]
Russell Investments is utilizing its strength in knowledge of how professional equity managers invest and have constructed their new indexes accordingly. Russell has identified a set of key characteristics that define a small cap portfolio within each discipline. [How Russell’s New ETFs Are Different]
Small-cap companies are defined as those with a market capitalization between $300 million and $2 billion. [ETF Chart of the Day: U.S. Small Caps]
The new ETFs are:
- Russell Small Cap Aggressive Growth ETF (NASDAQ: SGGG)
- Russell Small Cap Consistent Growth ETF (NASDAQ: SCOG)
- Russell Small Cap Low P/E ETF (NASDAQ: SCLP)
- Russell Small Cap Contrarian ETF (NASDAQ: SCTR)
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.