Fund provides more concentrated stock holdings and value tilt
TORONTO, Sept. 19, 2011 /CNW/ - Russell Investments Canada Limited
(Russell) announced that it is launching the Russell Focused US Equity
Pool, as well as a corporate class version, the Russell Focused US
Equity Class. The fund, which emphasizes, value-oriented stocks, is a
concentrated portfolio of approximately 50 to 70 of the most compelling
companies in the U.S. market.
"We believe the U.S. equity market is currently trading at compelling
relative valuation levels in comparison to other equity markets. U.S.
companies are still the most competitive and profitable companies in
the world, and their current prices may present an opportunity for
investors. Russell Focused US Equity Pool and the corporate class
version are attractive investment options for individuals looking to
participate in the long-term growth potential of U.S. equities," said
David Feather, President and Chief Executive Officer, Russell
Investments Canada. "The fund also provides a solution for investors
and advisors who want a concentrated portfolio and modest bias to value
in their investment portfolios," said Feather.
Russell has selected Lazard Asset Management (Canada), Inc., Levin
Capital Strategies, L.P. and Mar Vista Investment Partners, LLC as the
sub-advisers for the Pool.
"We have selected these firms for their expertise in managing
concentrated portfolios, and their proven approaches to strong stock
selection, which is so important in this environment," said Greg Nott,
Chief Investment Officer, Russell Investments. "With each sub-adviser
holding only a limited number of stocks, you can be certain they will
have strong conviction in these securities." They are also able to
hold a cash position, in the event that market conditions reduce their
ability to find attractively valued opportunities," said Nott.
Russell will maintain continuous oversight of the portfolio and the
sub-advisers, and adjust portfolio weightings as needed.
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 40 countries. The firm has $158 billion in assets under
management as at June 30, 2011 in its mutual funds, retirement
products, and institutional funds.
Russell Canada was recently named the #1 fastest growing money manager
in Benefits Canada's 2010 Top 40 Money Managers Report. For more information about how Russell helps to improve financial
security for people, visit us at www.russell.com/ca.
Commissions, trailing commissions, management fees and expenses all may
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before investing. Mutual funds are not guaranteed, their values change
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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.
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trademarks of Frank Russell Company, used under license by Russell
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Copyright © Russell Investments 2011. All rights reserved. This material
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in any form without prior written permission from Russell Investments.
SOURCE Russell Investments Canada Limited
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