Name change of Russell Managed Yield Class to Russell Fixed Income Class
Launches two new corporate-class funds - Russell Core Plus Fixed Income
Class and Russell Global High Income Bond Class
Lowering of investment threshold to $150,000 for Series E and Series O
Adds Series E Option to all LifePoints Portfolios (trust and
corporate-class versions)with lower management fees than Series B
New 3% distribution option for LifePoints Fixed Income Portfolios (trust
and corporate-class versions).
TORONTO, July 9, 2012 /CNW/ - Russell Investments Canada Limited
(Russell) today announced it is changing the name of Russell Managed
Yield Class to Russell Fixed Income Class to better reflect the focus
of this popular fund, which offers tax-efficient fixed-income exposure.
As well, Russell is launching two new corporate-class funds and
announcing a series of initiatives that expand and enhance the fund
options available to investors. These changes are included in the
annual renewal of the simplified prospectus and the respective fund
facts for each fund.
"We at Russell understand that Canadians are faced with increasingly
complex options when they consider investing in mutual funds," said
David Feather, President and Chief Executive Officer of Russell
Investments Canada. "With these changes we hope to make it easier for
Canadians to understand what they are buying when they invest with
Russell, and to find the right solution for their needs."
The new Russell Core Plus Fixed Income Class and Russell Global High
Income Bond Class are both corporate-class funds similar to existing
trust funds. These new funds offer tax-efficient fixed-income exposure.
Among the enhancements to Russell funds that will be included in the
prospectus renewal is a lowering of the minimum investment threshold
for both Series E and Series O funds to $150,000. Russell is also
adding a Series E option to all LifePoints Portfolios (trust and
corporate class). For a minimum of $150,000, investors will now have
access to LifePoints with lower management fees than our other
LifePoints Series B.
Also for LifePoints investors, Russell is offering a new 3% distribution
option on the LifePoints Fixed Income Portfolio and Fixed Income Class
Portfolio, Series F and I. The 3% annual distribution is paid on a
About Russell Investments
Founded in 1936, Russell Investments is a global financial services firm
that serves institutional investors, financial advisers and individuals
in more than 35 countries, as of December 31, 2011. The firm has
C$154.8 billion in assets under management (as of March 31, 2012) in
its mutual funds, retirement products, and institutional funds.
Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus
before investing. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated.
Nothing in this publication is intended to constitute legal, tax
securities or investment advice, nor an opinion regarding the
appropriateness of any investment, nor a solicitation of any type. This
is a publication of Russell Investments Canada Limited and has been
prepared solely for information purposes. It is made available on an
"as is" basis. Russell Investments Canada Limited does not make any
warranty or representation regarding the information.
Russell Investments Canada Limited is a wholly owned subsidiary of Frank
Russell Company and was established in 1985. Russell Investments Canada
Limited and its affiliates, including Frank Russell Company, are
collectively known as "Russell Investments".
The Russell logo is a trademark of Frank Russell Company.
Copyright © Russell Investments Canada Limited 2012. All rights
reserved. This material is proprietary and may not be reproduced,
transferred, or distributed in any form without prior written
permission from Russell Investments.
SOURCE Russell Investments Canada Limited
For further information:
Catherine Winchell 416-640-6899