future-investment

The LSE is in talks to purchase Seattle-based Russell Investments in a move that would expand its stock indices in the U.S., says Reuters.

Russell Investments could fetch over US$3 billion for its stock index business, Russell 1000 Global Index. Reuters adds the LSE wouldn’t be interested in purchasing Russell’s asset management team, which is valued at an additional US$1 billion.

Read: Rough start to 2014 for active equity managers

The LSE says the deal would be partly funded by selling new stock to shareholders.

MSCI, another U.S. stock index provider, is also interested in purchasing Russell Investments.

Read more.

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Originally published on Advisor.ca

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