The new indexes, such as the Russell Global Large Cap Growth Index and Russell Global Large Cap Value Index, will be launched on April 1.
Rolf Agather, director of business development for Russell Indexes, said: "As investors flock towards global mandates, they're looking to us for more robust and transparent tools that reflect distinct market segments similar to what they've come to use for the US market." He made the announcement at the Indexing & ETF Investments Asia 2008 conference in Singapore.
"Our US-style methodology has earned close to 100% market share among institutional investors, and we aim to extend it globally as our research confirms the style phenomenon also exists outside the US market."
Agather added that since the launch of Russell Global Indexes in early 2007, Russell has extensively researched and considered how best to approach style index construction globally. He said: "Russell analysts research more than 8,000 manager products a year and through that work we've seen over time that they've increasingly taken on the challenge of moving from a domestic focus in their portfolios to a global one," Agather said. "As a result there's an increasing demand for better tools to improve analysis and understanding of global portfolios."