Company Overview of Russell Exchange Traded Funds Trust - Russell Equity ETF
As of February 6, 2015, Russell Exchange Traded Funds Trust - Russell Equity ETF has gone out of business. Russell Exchange Traded Funds Trust - Russell Equity ETF is an exchange traded fund of funds launched and managed by Russell Investment Management Company. The fund invests in exchange traded funds which invest in public equity markets across the globe. It seeks to invest in exchange traded funds operating across diversified sectors. The fund primarily invests in exchange traded funds which invest in stocks of companies across all market capitalizations. It benchmarks the performance of its portfolio against the Russell Developed Large Cap Index. The fund was formerly known as U.S. One ...
1301 Second Avenue
Seattle, WA 98101
Founded in 2010
Key Executives for Russell Exchange Traded Funds Trust - Russell Equity ETF
Russell Exchange Traded Funds Trust - Russell Equity ETF does not have any Key Executives recorded.
Russell Exchange Traded Funds Trust - Russell Equity ETF Key Developments
Russell Investments Schedules to Close the Russell Equity ETF
Nov 25 14
Russell Investments announced that the Board of Trustees of Russell Exchange Traded Funds Trust authorized the orderly termination and liquidation of the Russell Equity ETF on or before February 6, 2015. The Fund will be closed to new investment on January 26, 2015. Russell is closing and liquidating the Russell Equity ETF because this product hasn't generated the amount of interest as projected and as a result Russell believes it is in the best interests of shareholders to close it. While Russell is liquidating the Fund, it does not mean Russell is abandoning the ETF market. Russell continues to offer ETFs in the Australian market and believes the active U.S. ETF market still presents viable and important investment opportunities. On January 27, 2015, the Fund will commence the process of liquidating its assets and, consequently, will not be pursuing its investment objective. During the liquidation period between January 27, 2015 and February 6, 2015, the Fund will not carry on any business, except for the purposes of winding up its affairs and distributing investment income, capital gains and assets to shareholders.
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