Russell Investment Management looks to be prepping to enter the ETF space, adding another big name to the list of mutual fund managers trying their hand at exhange-traded offerings. A July 2 40-APP request for exemption filed with the SEC revealed that the firm has plans to enter field with both indexed-based and actively-managed funds .

Russell will have a wide range of its own global equity indexes at its disposal to underlie its index-based funds. The Tacoma, Washington-based firm currently manages more than $136 billion in assets in its existing investment products. ETFs based on Russell indexes are currently offered by BGI, Rydex, Direxion and SSgA. 

Edited by: Meredith Mazzilli


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