Russell Investments creates global style equity indexes

By Devika Patel

Knoxville, Tenn., Feb. 27 - Russell Investments said in a press release that it will launch global style equity indexes on April 1.

The new indexes, such as the Russell Global Large Cap Growth Index and Russell Global Large Cap Value Index, will reflect key growth and value segments of the Russell Global Index, the release said.

The global style indexes will be designed for a wide variety of purposes, including the analysis of money managers and the attribution of performance; acting as performance benchmarks for specialist mandates; providing insight into the exposures of market participants to growth or value on a global level; and serving as the basis of the tools for the management of those exposures through derivatives products, exchange-traded funds and other products.

"As investors flock toward global mandates, they're looking to us for more robust and transparent tools that reflect distinct market segments similar to what they've come to use for the U.S. market," Russell Indexes' director of business development Rolf Agather said in the release.

"Our U.S. style methodology has earned close to 100% market share among institutional investors, and we aim to extend it globally as our research confirms the style phenomenon also exists outside the U.S. market."

Tacoma, Wash.-based Russell Investments is a provider of investment products.

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