Products May 31, 2011

Russell Investments Launches 10 Factor ETFs

Russell Investments has launched what it says is the first comprehensive series of Factor exchange-traded funds (ETFs), designed to help investors manage significant risk factors within their portfolios.
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Russell’s ten U.S. equity ETFs aim to manage portfolio turnover and control exposure to high beta, low beta, high volatility, low volatility, and high momentum, as well as other non-targeted risk factors. The Russell Factor ETFs will track factor indexes created by Russell Indexes in partnership with Axioma (see “Russell and Axioma Team up to Launch Indexes“).  

The ETFs are: 

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  • Russell 1000 High Beta ETF (NYSE:HBTA), 
  • Russell 1000 Low Beta ETF (NYSE:LBTA), 
  • Russell 1000 High Volatility ETF (NYSE:HVOL), 
  • Russell 1000 Low Volatility ETF (NYSE:LVOL), 
  • Russell 1000 High Momentum ETF (NYSE:HMTM), 
  • Russell 2000 High Beta ETF (NYSE:SHBT), 
  • Russell 2000 Low Beta ETF (NYSE:SLBT), 
  • Russell 2000 High Volatility ETF (NYSE:SHVY), 
  • Russell 2000 Low Volatility ETF (NYSE:SLVY), and 
  • Russell 2000 High Momentum ETF (NYSE:SHMO). 

Each Russell Factor ETF is constructed from the membership list of the U.S. large-cap Russell 1000 Index or the U.S. small-cap Russell 2000 Index, and each seeks the investment results that closely correspond to its individual Russell-Axioma Factor Index.   

The Russell ETFs have a total expense ratio of 0.49% for Russell’s large cap Factor ETFs and 0.69% for Russell’s small cap Factor ETFs.  

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