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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.
