Russell-Axioma develops five new ex-U.S. factor based indexes

By Tali David

Minneapolis, Nov. 3 - Russell Investments and Axioma, Inc. announced that they have extended their collaboration to include developed market ex-U.S. factor based indexes.

Through five new Russell-Axioma factor indexes, international investors will now be able to better track and manage exposure to a range of investment risk factors within their portfolios of stocks outside the United States, according to a news release.

The new indexes employ the same Russell rules-based index methodology as the U.S. factor based indexes and are built from the underlying constituents of the Russell Developed ex-U.S. large cap index.

The following indexes have been added to the series:

• Russell-Axioma developed ex-U.S. large cap low volatility index;

• Russell-Axioma developed ex-U.S. low beta index;

• Russell-Axioma developed ex-U.S. high momentum index;

• Russell-Axioma developed ex-U.S. high volatility index; and

• Russell-Axioma developed ex-U.S. high beta index.

Russell Investments is a Seattle-based financial services firm that provides strategic advice, investment solutions, implementation services and global indexes. Axioma is a New York City-based provider of advanced tools for portfolio optimization and risk analysis,

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