Opening and Closing Bell on Wall Street
Russell Investments visits the NYSE to celebrate the recent launch of two high dividend yield exchange-traded funds (ETFs), which listed on NYSE Arca on March 15. The Russell High Dividend Yield ETF (HDIV) and Russell Small Cap High Dividend Yield ETF (DIVS) expand on Russell's line-up of next-generation solutions by offering investors an efficient, cost-effective way to access high-dividend-paying, quality-oriented companies. In honor of the occasion, Greg Friedman, Russell ETF Chief Operating Officer rings The Opening BellSM.
The Russell High Dividend Yield ETFs are yield-focused products that seek to deliver more predictable returns, while offering an alternative to currently lower yielding fixed income products. Each of these new ETFs is composed of dividend-paying companies with quality characteristics such as their ability to pay a higher dividend yield, exhibit sustained dividend growth and deliver earnings stability.
About Russell Investments:
Russell Investments (Russell) is a global asset manager and one of only a few firms that offer actively managed multi-asset portfolios and services that include advice, investments and implementation. Working with institutional investors, financial advisors and individuals, Russell's core capabilities extend across capital markets insights, manager research, Indexes, portfolio implementation and portfolio construction.
Russell has about $141 billion in assets under management (as of 12/31/11) and works with 2,300 institutional clients, more than 500 independent distribution partners and advisors, and individual investors globally. As a consultant to some of the largest pools of capital in the world, Russell has $2 trillion in assets under advisement (as of 6/30/11). It has four decades of experience researching and selecting investment managers and meets annually with more than 3,000 managers around the world. Russell traded $1.5 trillion in 2010 through its implementation services business. Russell calculates more than 90,000 benchmarks daily covering 98% of the investable market globally, 85 countries and more than 10,000 securities. Approximately $3.9 trillion in assets are benchmarked to the Russell Indexes. Russell is headquartered in Seattle, Washington, USA and has offices in Amsterdam, Auckland, Beijing, Chicago, Dubai, Frankfurt, London, Melbourne, Milan, New York, Paris, San Francisco, Seoul, Singapore, Sydney, Tokyo and Toronto. For more information about how Russell helps to improve financial security for people, visit www.russell.com or follow us @Russell_News. (Source: Russell Investments)