TORONTO, June 24, 2015 /CNW/ - Russell Investments Canada Limited (Russell Investments) announces that the proposed changes to the investment objective of two of its funds, Russell Smaller Companies Pool and Russell Smaller Companies Class (the "Funds"), were approved by securityholders at a special meeting this week.
The investment objective changes are effective June 30, 2015.
Russell Investments, a leading global provider of multi-asset solutions, had earlier asked securityholders to approve a change allowing the Funds to invest primarily in foreign smaller companies as well as Canadian smaller companies. With the securityholder approval, the Funds now have the ability to participate in more foreign investment opportunities and increase global diversification.
Effective June 30, 2015, the names of the Funds will change to "Russell Global Smaller Companies Pool" and "Russell Global Smaller Companies Class" respectively.
A Management Information Circular with full details about the proposed changes was mailed on May 26, to investors of record as of May 19, 2015.
About Russell Investments
Russell Investments 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 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 $344 billion CAD in assets under management (as of 3/31/2015) 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 $2.4 trillion in assets under advisement (as of 12/31/2014). 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 $1.7 trillion in 2014 through its implementation services business.
Headquartered in Seattle, Washington, Russell Investments is wholly owned by London Stock Exchange Group (LSEG) and operates globally, including through its offices in Seattle, New York, London, Paris, Amsterdam, Milan, Dubai, Sydney, Melbourne, Auckland, Singapore, Seoul, Tokyo, Beijing, Toronto, Chicago, Milwaukee and Edinburgh. For more information about how Russell Investments 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.
Diversification does not assure a profit and does not protect against loss in declining markets.
Nothing contained in this material 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. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional. It is made available on an "as is" basis. Russell Investments Canada Limited does not make any warranty or representation regarding the information.
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.
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.
Copyright © Russell Investments Canada Limited 2015. All rights reserved.
SOURCE Russell Investments Canada Limited
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