The combination of London Stock Exchange Group (FTSE) and Russell Investments index businesses will rank the firm third among index providers in terms of exchange-traded fund assets under management across all asset classes.
A combined $339 billion in ETF assets under management (LSEG's FTSE indexes tracked $205 billion to Russell's $134 billion) will place the firm just behind MSCI's $356 billion in ETF assets benchmarked to its indexes. S&P Dow Jones topped the list at $705 billion.
Data are as of the end of April.
In its presentation outlining the acquisition of Russell, LSEG says it will be positioned to capitalize on the "shift from active to passive and to more transparent index products such as ETFs."
