M&A Activity In The ETF World: Russell To Buy U.S. One

Russell Investments, the global financial services firm known as the provider of indexes underlying many of the most popular ETFs, recently announced the acquisition of ETF issuer U.S. One. The purchase of the small Reno, Nevada-based issuer could help Russell move further beyond its lineup of indexes and continue its expansion as a provider of exchange-traded products in the very near future. The move by Russell involves the purchase of a diversified global equity “ETF of ETFs,” the One Fund (ONEF). The actively-managed fund offers exposure to more than 95% of the global equity market in a single ticker; current holdings include the Vanguard Large Cap ETF (VV) and the Vanguard Small Cap ETF (VB) for domestic equity exposure, as well as the Vanguard Europe Pacific ETF (VEA) Emerging Markets ETF (VWO) and MSCI EAFE Small Cap ETF (SCZ). ONEF has accumulated more than $10 million in assets since its launch, [...] Click here to read the original article on ETFdb.com. Related Posts: This Week In ETFs: August 20th Edition May ETF Roundup: Launches, Filings, and Closings U.S. One Launches First ETF