Russell Investments Canada updates the options for accessing multi-asset solutions

  • 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 monthly basis.

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.

Important information

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:

Contact: 

Catherine Winchell 416-640-6899
Media: 416-825-2125

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Russell Investments Canada Limited

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