Russell Investments Buys U.S. One

Russell Investmentshas acquired Nevada-based investment advisory firm,U.S. One,Index Universereports. The financial details of the deal have not been disclosed.

U.S. One only has exemptive relief for actively managed equity and fixed-income fund-of-fund ETFs, so Russell has to obtain exemptive relief for the passive and individual active funds that it plans to launch. Russell currently has over 30 funds in registration, including three filed early in February 2011.

Click here for the story fromIndex Universe.