Russell launches Russell Global 3000 index for enhanced investability

By Toni Weeks

San Diego, March 17 - Russell Investments announced the launch of the new Russell Global 3000 Index series of 18 indexes, according to a press release.

The 18 indexes are all subcomponents of the comprehensive Russell Global index. The new series, which features the Russell Global 1000 index and Russell Global 2000 index as well as Russell global ex-U.S. variants and growth and value subcomponent indexes, uses the same global-relative methodology as the Russell Global index and provides investors with exposure to the Russell Global investable universe through more liquid equity indexes with enhanced investability.

"The Russell Global index comprehensively represents the investable global opportunity set," said Rolf Agather, managing director of index research and innovation. "The Russell Global 1-2-3 series optimizes that broad universe to produce a smaller basket of stocks designed for passive investment while still closely tracking the Russell Global index."

The Russell Global 1000 and Russell Global 2000 indexes offer optimized global exposure in convenient, smaller baskets and comprise a smaller number of large-cap and small-cap stocks. Similar to the pattern for the U.S. Benchmarks, the Russell Global 1000 index and Russell Global 2000 index equal the Russell Global 3000 index.

"Active institutional managers can rely upon the Russell Global index to capture 98% of the investable universe; however, investors today also seek global indexes for more varied goals. The Russell Global 1000, Russell Global 2000 and Russell Global 3000 indexes offer a liquid solution - on a global scale - for investors who seek index performance or use index baskets for asset allocation," Agather said. "These new indexes are ideal as the basis for investable products."

Seattle-based Russell Investments is a provider of investment products.

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