Russell Investments is liquidating 25 equity index ETFs with around $310 million in assets.
The Russell ETFs slated for closure are linked to Russell benchmarks with specialized strategies like lower volatility (LVOL), high momentum (SHMO), and aggressive growth (AGRG). The Tacoma, Wash.-based company said it plans to focus on actively managed and asset allocation ETF strategies.
Russell cited the "challenging equity market conditions since the launch of these products," as the reason for planned liquidations.
