“State Street is excited to deepen our relationship with Russell Indexes, as an institutional leader in indexing and to provide clients more access to the US equity market,” added David Mazza, head of ETF investment strategy, Americas, at State Street. “The State Street Russell ETFs allow for a modular approach to U.S. index investing by offering precise exposure to large cap, small cap, small to mid cap and the total market.”
Separately, Vanguard last year announced it was switching to FTSE and CRSP indices from MSCI benchmarks at several of its ETFs. [Vanguard ETFs Gather $40 Billion After Index Transition]
The moves show that ETF providers will take proactive steps to get the best indices for their investors, and at the lowest cost.
NOTE: Later this week, ETFtrends.com will be hosting a webcast Why Methodology Matters. The webcast is scheduled for Wednesday, July 17, at 2 pm ET.
A panel will discuss index rebalancing and how it may affect asset allocation and portfolio construction, best practices for benchmarking and other topics. ETFtrends editor and publisher Tom Lydon will moderate the panel, which includes State Street’s Mazza, and David Koenig, investment strategist at Russell Indexes.
Financial advisors can register for the webcast here. Accepted for 1 CFP and CIMA CE Credit.