Russell Indexes CEO Ron Bundy joined ETF Trends Publisher Tom Lydon at the ETF.com Inside ETFs conference in Hollywood, Fla. to discuss Russell’s recent marriage with FTSE Group to create one of the largest provider of indexes in the world.
Last year, London Stock Exchange acquired Russell Investments to bolster its indexing footprint with Russell Indexes. Combined, there are nearly $10 trillion in global assets benchmarked to Russell and FTSE indexes.
“Synergies in this business are fantastic,” said Bundy. “It’s going to be great for our clients in that we now have a truly global footprint, but we also have deep local market expertise in the U.S., the U.K. and China.”
In December, FTSE said China ETFs benchmarked to its indexes topped a combined $24 billion in assets under management. The iShares China Large-Cap ETF (NYSEArca: FXI), the largest U.S.-listed China ETF, tracks the FTSE China 50 Index.
Watch the video below to see the full interview.
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