TORONTO, Nov. 4, 2013 /CNW/ - Russell Investments Canada Limited
(Russell) today proposed changes to the investment objectives of two of
its Funds: Russell Enhanced Canadian Growth and Income Portfolio and Russell Enhanced Canadian Growth and Income Class Portfolio (the
Russell, a leading global provider of multi-asset solutions, is seeking
to approve a change to allow each of the Funds to include primarily
foreign as well as Canadian equities in their strategic allocation.
Russell also proposes changing the names of the Funds to Russell Global Strategic Income Portfolio and Russell Global Strategic Income Class Portfolio, which reflects the change in investment objectives.
If this change is approved by investors, the Funds will have the ability
to adopt a global approach to participate in more foreign investment
opportunities and increase overall diversification.
Full details about the proposed investment objective changes will be
outlined in a Management Information Circular and Proxy to be mailed in
December to investors of record. A special meeting of investors will be
convened on or about January 13, 2014 to approve the changes. If the
above changes are approved, they will take effect on January 14, 2014.
About Russell Investments
Russell Investments (Russell) is a global asset manager and one of only
a few firms that offers actively managed multi-asset portfolios and
services that include advice, investments and implementation. Russell
stands with institutional investors, financial advisors and individuals
working with their advisors—using the firm's core capabilities that
extend across capital market insights, manager research, portfolio
construction, portfolio implementation and indexes to help each achieve
their desired investment outcomes.
Russell has more than C$253.7 billion* in assets under management (as of
9/30/2013) and works with over 2,500 institutional clients, independent
distribution partners and individual investors globally. As a
consultant to some of the largest pools of capital in the world,
Russell has US$2.4 trillion in assets under advisement (as of
6/30/2013). It has four decades of experience researching and selecting
investment managers and meets annually with more than 2,200 managers
around the world. Russell traded more than US$1.4 trillion in 2012
through its implementation services business. Russell also calculates
approximately 700,000 benchmarks daily covering 98% of the investable
market globally, which includes more than 80 countries and more than
10,000 securities. Approximately US$4.1 trillion in assets are
benchmarked to the Russell Indexes.
Headquartered in Seattle, Washington, Russell operates globally,
including through its offices in Seattle, New York, London, Paris,
Amsterdam, Sydney, Melbourne, Auckland, Singapore, Seoul, Tokyo,
Beijing, Toronto, Chicago, San Diego, Milwaukee and Edinburgh. For more
information about how Russell helps to improve financial security for
people, visit www.russell.com or follow @Russell_News.
*includes more than US$70 billion of derivative overlay assets under
management not included prior to June 30, 2013
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
information is made available on an "as is" basis. Russell Investments
Canada Limited does not make any warranty or representation regarding
Russell Investments and the Russell Investments logo are either
trademarks or registered trademarks of Frank Russell Company, used
under license by Russell Investments Canada Limited.
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".
Copyright © Russell Investments Canada Limited 2013. 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
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