Russell Getting Deeper Into ETFs (AGRG, CONG, GRPC, EQIN, LWPE, CNTR)

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By Jon C. Ogg Published
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Russell Investments is making good on its promise to get further into ETFs.  This week came the launch of several new ETF strategies for value, income, aggressive growth, consistent growth and contrarian strategies.  These are being called the Russell Investment Discipline ETFs™ and are based upon six investment disciplines commonly practiced by professional investment managers.
 
The suite is as follows: Russell Aggressive Growth ETF (NYSE: AGRG), Russell Consistent Growth ETF (NYSE: CONG), Russell Growth at a Reasonable Price ETF (NYSE: GRPC), Russell Equity Income ETF (NYSE: EQIN), Russell Low P/E ETF (NYSE: LWPE), and Russell Contrarian ETF (NYSE: CNTR).
 
Each Russell Investment Discipline ETF tracks the performance of a corresponding Russell Investment Discipline Index and these are also constructed from the companies in the Russell 1000®.  So far these and all of the Russell ETF efforts remain small in market cap.  Russell does have the index business behind it, and it would seem that if anyone can mirror an index it would be the group running the indexes.

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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