English: Company Logo of Movement Strategies. (Photo credit: Wikipedia) |
But the Seattle-based company, which will shut the funds in October, won’t abandon its ETF plans entirely. Instead it will narrow its focus on actively managed strategies. It made tangible that strategic shift by leaving open the actively managed Russell Equity ETF (NYSEArca: ONEF), according to a company press release.
The company made a splashy debut in the spring of last year with the rollouts of numerous smart-beta ETFs, such as the Russell Low Volatility ETF (NYSEArca: LVOL).
It said at the time the next logical step in the ETF revolution was enhanced beta strategies—such as Rob Arnott’s “fundamental indexing"—that have moved the world of index investing a bit closer to active management.
“Regarding the closures, while the innovation behind Russell's next-generation ETF products received substantial interest in general, the market for them is still in its early days,” the company said in the press release. ... Continue to read.
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