TORONTO, Feb. 19, 2015 /CNW/ - Russell Investments Canada Limited (Russell) today proposed changes to the investment objectives of two of its Funds: Russell Smaller Companies Pool and Russell Smaller Companies Class (the "Funds").
Russell, a leading global provider of multi-asset solutions, is seeking to approve a change to allow each of the Funds to provide long-term capital appreciation principally through exposure to both global and Canadian equity securities of issuers with a smaller market capitalization. Russell also proposed changing the names of the Funds to Russell Global Smaller Companies Pool and Russell Global Smaller Companies Class, which reflects the change in investment objectives.
If the change is approved by investors, the Funds will have the ability to invest primarily in shares of foreign companies, using the following styles: market-oriented, value, growth and small capitalization.
Full details about the proposed investment objective changes will be outlined in a Management Information Circular and Proxy to be mailed in May to investors of record. A special meeting of investors will be convened on or about June 23, 2015 to approve the changes. If the above changes are approved, they will take effect on or about June 30, 2015.
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 CAD$307.0 billion in assets under management (as of 9/30/2014) 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$1.6 trillion in 2013 through its implementation services business. Russell also calculates approximately 700,000 benchmarks daily covering 98% of the investable market globally, including more than 80 countries and more than 10,000 securities. Approximately US$5.2 trillion in assets are benchmarked (as of 12/31/2013) to the Russell Indexes, which have provided investors with 30 years of smarter beta.
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.
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 a trade name and registered trademark of Frank Russell Company, a Washington USA corporation, which operates through subsidiaries worldwide and is part of the London Stock Exchange Group. It is used under a 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 2015. All rights reserved.
SOURCE Russell Investments Canada Limited
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