Russell and Axioma Team up to Launch Indexes

These new Russell-Axioma U.S. Small and Large Cap Factor Indexes are designed to provide investors with tools to manage their portfolio’s exposure to – and measure their performance against – five individual risk factors within their portfolios.  

The series of factor-based indexes features: 

• Russell-Axioma U.S. Large Cap High Beta Index, 
• Russell-Axioma U.S. Large Cap Low Beta Index, 
• Russell-Axioma U.S. Large Cap High Volatility Index, 
• Russell-Axioma U.S. Large Cap Low Volatility Index, 
• Russell-Axioma U.S. Large Cap High Momentum Index, 
• Russell-Axioma U.S. Small Cap High Beta Index, 
• Russell-Axioma U.S. Small Cap Low Beta Index, 
• Russell-Axioma U.S. Small Cap High Volatility Index, 
• Russell-Axioma U.S. Small Cap Low Volatility Index, and 
• Russell-Axioma U.S. Small Cap High Momentum Index. 

The Russell-Axioma U.S. Large Cap Factor Indexes start with the members of the U.S. Large-Cap Russell 1000 Index while the Russell-Axioma U.S. Small Cap Factor Indexes start with the members of the U.S. Small-Cap Russell 2000 Index. Each small or large cap index is then reduced down to those securities that meet the requirements of the specific factor index. The resulting small or large cap factor indexes are constructed using long-only stock holdings.  

Russell and Axioma announced the first in a series of factor indexes in December 2009. These indexes represent the latest installment of this growing index family designed to meet the needs of investors who seek indexes that closely track specific factor returns.