Russell lists ETF product on ASX
In what Russell Investments is describing as a global first for the company, it has listed its Russell High Dividend Australian Shares exchange traded fund (ETF) product on the Australian Securities Exchange (ASX).
Russell’s director of product development Amanda Skelly said the product was based on the purpose-built Russell Australia High Dividend Index, and had a bias towards companies with a high expected dividend yield, a history of paying dividends, dividend growth and consistent earnings.
She said the product had been tailor made to specifically meet the needs of Australian investors, especially self-managed superannuation fund (SMSF) investors.
AUTHOR
Mike Taylor
Recommended for you
Pinnacle’s London affiliate, Life Cycle Investment Partners, has secured over $15 billion in FUM in its first year and achieved profitability, the firm’s fastest affiliate to do so.
For foreign fund managers looking to come to Australia, a financial services law firm has shared which regulatory option offers them the quickest pathway?
Betashares has partnered with a US fund manager to form a private capital division aimed at providing financial advisers and wholesale clients with private markets investments.
GQG Partners has lost over US$1 billion from an institutional client, contributing to FUM falling by US$6 billion in July, as it flags fund underperformance could lead to continued outflows.
