Russell Indexes partners with Shanghai bourse on ETFs
Russell Investments' index unit picks Shanghai as the likely venue for the launch of the first Asia-Pacific ETF to reference one of its benchmarks.
US-based Russell Investments has made its indexes available in mainland China exclusively through the Shanghai Stock Exchange (SSE), as the basis for exchange-traded funds (ETFs).
The two entities signed a memorandum of understanding on Monday to that effect and will automatically renew the agreement after each annual term.
Russell will launch its first ETF on the SSE "very soon", says Kevin Lohman, director of global index sales at Russell Investments. The firm does not have a spec…
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