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State Street Launches Russell 2000 ETF, Shifts 3 Existing ETFs to Russell Indexes

4 new target-maturity corporate-bond ETFs launch from iShares, Northern Trust files for an infrastructure ETF, and a new would-be ETF issuer, Syntax Analytics, appears on the scene.

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On Tuesday, July 9, State Street gave a makeover to an existing family of exchange-traded funds tracking different slices of the U.S. equity market, shifting three existing ETFs from Dow Jones indexes to Russell indexes and rolling out a fourth, brand-new fund.

The changes appear to be aimed at breathing new life into a set of broad index ETFs that have struggled to gain traction with investors. One of the existing ETFs has more than $500 million in assets, but the others have about $40 million and $100 million in them.

Robert Goldsborough does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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