Russell Investments is getting new owners. An investor consortium led by B Capital, a global multi-stage investment firm, has agreed to acquire the asset manager from TA Associates and Reverence Capital Partners.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 14,677 | $419,757.59 | $521,840.73 | $102,083.14 | 24.32% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 1,535 | $45,689.49 | $54,730.42 | $9,040.93 | 19.79% |
Envestnet Portfolio Solutions Inc. Envestnet Portfolio Solutions, Inc. | 11,174 | $329,867.55 | $393,213.06 | $63,345.51 | 19.2% |
VestGen Advisors LLC VestGen Advisors LLC | 9,903 | $305,042.11 | $341,009.8 | $35,967.69 | 11.79% |
| RFL Rossby Financial LLC Rossby Financial LLC | 750 | $22,141 | $25,852.5 | $3,711.5 | 16.76% |
| ARCA Exchange | US Country |
This fund is designed for investors looking to closely track the performance of an index, by investing at least 80% of its assets in securities that compose the specified index as well as in depositary receipts based on these securities. The approach is characterized by a concentrated investment strategy, as it is non-diversified, meaning it may invest more heavily in fewer securities than diversified funds. This method is often employed in the hope of achieving returns that are more closely aligned with the index itself.
This product focuses on replicating the performance of the specified index by investing in the securities that make up the index. The approach aims to match the price and yield performance of the index, before fees and expenses. It caters to investors seeking exposure to the index constituents.
The fund also invests in depositary receipts, which are negotiable financial instruments issued by banks to represent a specified number of shares of a foreign company's stock. These are traded on a local stock exchange but represent an investment in a foreign listed company, as per the index's composition. This allows investors indirect exposure to international markets, through a vehicle that is traded domestically.