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Russell Investment Group - Definition and Overview |
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The Russell Investment Group is an investment services company based in Tacoma, Washington. It manages $95 billion in assets directly and is consultant to firms worldwide that collectively manage $1.6 trillion in assets. Through a joint venture with Mellon Financial Corporation of Pittsburgh, Russell also publishes 21 U.S. equity indexes, including its flagship Russell 3000 and Russell 2000 indexes, and 1 Japanese equity index. It also offers retail and institutional mutual funds.
Founded by Frank Russell in 1936 as a Tacoma brokerage, the Frank Russell Company, Russell first began its investment consulting business in 1969 with J.C. Penney as its first client. It created its first indexes in 1982.
In 1999, Russell was purchased by the Northwestern Mutual Life Insurance Company of Milwaukee.
In 2003, it changed its name from the Frank Russell Company to the Russell Investment Group.
External links
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Example Usage of Investment |
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