Russell Investments Canada Limited announces fund risk rating changes

TORONTO, Dec. 2, 2016 /CNW/ - Russell Investments Canada Limited (RICL) today announced changes to the risk ratings of six RICL funds. These changes are effective immediately.

Fund

Previous Rating

New Rating

LifePoints Balanced Income

LifePoints Balanced Income Class

 Low to Medium

 Low to Medium

Low

Low

Russell Investments Income Essentials

Russell Investments Income Essentials Class 

 Low to Medium

 Low to Medium

Low

Low

Multi-Asset Fixed Income

Multi-Asset Fixed Income Class 

 Low to Medium

 Low to Medium

Low

Low

 

Russell Investments Canada Limited follows a risk classification methodology based on the approach recommended by the Investment Funds Institute of Canada. Each fund's risk rating is reviewed on an annual basis, or when the fund undergoes a material change. The changes announced today are the result of a review. No material changes have been made to the investment objectives, strategies or management of the affected funds.

These changes will take effect on or about December 2, 2016. Further details about this change can be found in Amendment #1 to the Simplified Prospectus dated December 2, 2016.

About Russell Investments Canada Limited

Russell Investments Canada Limited is a wholly owned subsidiary of Russell Investments Group, Ltd. and was established in 1985. Russell Investments Canada Limited and its affiliates are referred to collectively as "Russell Investments." Russell Investments was founded in 1936 and has its headquarters in Seattle, Washington. Russell Investments Canada Limited has its head office in Toronto.

About Russell Investments

Russell Investments, a global asset manager, is one of only a few firms that offers actively managed multi-asset portfolios and services which include advice, investments and implementation. Russell Investments 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, asset allocation, portfolio implementation and factor exposures to help each achieve their desired investment outcomes.

Russell Investments has more than C$339 billion in assets under management (as of 9/30/2016) and works with more than 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 Investments has US$2.2 trillion in assets under advisement (as of 12/31/2015). The firm has four decades of experience researching and selecting investment managers and meets annually with more than 2,200 managers around the world. Russell Investments also traded more than US$2 trillion in 2015 through its implementation services business.

Headquartered in Seattle, Washington, Russell Investments operates globally, including through its offices in Seattle, New York, London, Paris, Amsterdam, Milan, Dubai, Sydney, Melbourne, Auckland, Seoul, Tokyo, Shanghai, Beijing, Toronto, Chicago and Milwaukee. For more information about how Russell Investments helps to improve financial security for people, visit russellinvestments.com or follow @Russell_Invest.

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 information is made available on an "as is" basis. Russell Investments Canada Limited does not make any warranty or representation regarding the information.

Russell Investments is the operating name of a group of companies under common management, including Russell Investments Canada Limited.

Russell Investments' ownership is composed of a majority stake held by funds managed by TA Associates with minority stakes held by funds managed by Reverence Capital Partners and Russell Investments' management.

Copyright © Russell Investments Canada Limited 2016. All rights reserved.

Frank Russell Company is the owner of the Russell trademarks contained in this material and all trademark rights related to the Russell trademarks, which the members of the Russell Investments group of companies are permitted to use under license from Frank Russell Company. The members of the Russell Investments group of companies are not affiliated in any manner with Frank Russell Company or any entity operating under the "FTSE RUSSELL" brand.

SOURCE Russell Investments Canada Limited

For further information: If you have any questions, please call 1-888-509-1792.

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