TORONTO, Sept. 22 /CNW/ - Russell Investments Canada Limited ("Russell") is pleased to announce the following sub-adviser changes in the Russell Sovereign Investment Program and LifePoints Portfolios:
Russell Sovereign Investment Program
Russell Global Equity Pool
Arrowstreet Capital L.P. (Arrowstreet) has been added to the Russell Global Equity Pool ("Global Equity Pool").
Clarivest Asset Management (Clarivest) is no longer a sub-adviser in the Global Equity Pool.
The Global Equity Pool is part of the Russell Sovereign Investment Program - which has provided multi-leveled risk protection and long-term performance for individual investors for over 15 years.
Russell Group of Funds
Russell Global Equity Fund
Arrowstreet has also been added to the Russell Global Equity Fund ("Global Equity Fund").
Coincident with this appointment, Clarivest is no longer a sub-adviser in the Global Equity Fund.
The Global Equity Fund is an underlying fund in LifePoints(R) Portfolios. Russell's innovative fund-of-funds solution is available to both individual and institutional investors.
Russell views these changes as structural enhancements in the Russell Sovereign Investment Program and LifePoints Portfolios.
Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks and a range of institutional-quality investment products. With approximately $176.3 billionCDN in assets under management (as of 6/30/09), Russell Investments serves individual, institutional and advisor clients in more than 40 countries. Russell Investments provides access to some of the world's best money managers. It helps investors put this access to work in corporate defined benefit and defined contribution plans, and in the life savings of individual investors.
SOURCE Russell Investments Canada Limited
For further information: For further information: Thien Huynh, (416) 640-2529