NEW YORK ( TheStreet) -- Russell Investments announced last Friday the mass closure of 25 exchange-traded funds with combined assets exceeding $300 million.The only survivor will be Russell Equity ETF (ONEF), which also happens to be the only actively managed ETF on the menu. The decision looks to us like a strategic move to refocus the firm's ETF business and reduce conflicts with its indexing customers.
Russell Makes Strategic Retreat From Index ETF Business
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