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.”
Russell is in the index provider for large ETFs such as the iShares Russell 2000 ETF (NYSEArca: IWM) and the iShares Russell Midcap Value ETF (NYSEArca: IWS).