TORONTO, Feb. 17, 2017 /CNW/ - Russell Investments Canada Limited (the "Manager"), the manager of Russell Investments Fixed Income Class (the "Fund"), announced today that, in anticipation of the upcoming maturity of the Fund's forward contract on April 13, 2017, the Manager will seek approval from the securityholders of the Fund to change the investment objective of the Fund to the following:
"The investment objective is to achieve a high level of current income while protecting capital. The Fund invests in, or obtains exposure to, principally fixed income securities of Canadian issuers. Exposure may be direct or indirect from any combination of holding such fixed income securities, investments in other mutual funds and derivatives."
Concurrent with the change to the investment objective, the Fund will commence investing directly in Russell Investments Canadian Fixed Income Fund and will no longer have forward agreement risk.
A meeting of securityholders of the Fund will be held on or about April 11, 2017 for the purpose of approving the change to the Fund's investment objective and, if approved, the changes referred to above will take effect on April 14, 2017.
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, offers 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. The firm has more than CAD$346 billion in assets under management (as of 12/31/2016).
Headquartered in Seattle, Washington, Russell Investments operates globally with 21 offices, providing investment services in the world's major financial centers such as London, Paris, Amsterdam, Sydney, Tokyo, Shanghai, Toronto and New York. For more information about how Russell Investments helps to improve financial security for people, visit russellinvestments.com/ca or follow @Russell_Invest.
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 2017. 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: For further information, please contact your financial advisor, call Russell Investments Canada Limited at 1-888-509-1792, or visit our website at www.russellinvestments.com/ca.