TORONTO, Dec. 5, 2013 /CNW/ - Russell Investments Canada Limited has
launched the Russell Focused Global Equity Pool (and Russell Focused Global Equity Class), expanding its range of high-conviction, concentrated solutions with a
selection of global stocks emphasizing defensive and value-oriented
names. Russell's focused fund lineup includes the Russell Focused
Canadian Equity Pool launched last year, and the Russell Focused US
Equity Pool launched in 2011.
With the potential for lower volatility and greater stability in returns
than traditional global equity funds, the new Russell Focused Global Equity Pool will be included in Russell's conservative multi-asset solutions - the
Russell Income Essentials Portfolio, the Russell LifePoints
Conservative Income Portfolio and the Russell LifePoints Balanced
Income Portfolio and their respective corporate class versions.
The new Pool will be sub-advised by three experienced global managers,
each bringing complementary investment strategies.
"The proven global stock specialists we have selected to manage the
Russell Focused Global Equity Pool all have extensive expertise in
finding high-quality companies in diverse areas of the world," said
David Feather, President and Chief Executive Officer of Russell
Investments Canada Limited. "We believe this Pool will offer investors
the opportunity to participate in an actively managed global portfolio
that exhibits a defensive bias."
Perkins Investment Management
Chicago-based Perkins is a defensive value manager focused on buying
companies that are undervalued relative to Perkins' estimate of
intrinsic value and have low downside price risk.
Russell believes this strategy is suitable for risk-averse markets in
which investors prefer shares of companies that offer yield, low debt
to capital, and low volatility.
Montreal-based Fiera Capital is a publicly traded asset management firm
with operations in Toronto and Montréal, where the global equity
investment team is located. Fiera intends to pursue a long-term
investment approach focused on identifying high quality, well-run
Russell believes the investment process features many "best-practice"
traits. There is an expected focus on attempting to identify quality
companies with sustainable growth, strong balance sheets, and high free
cash flow generation at attractive valuations.
Chicago-based Harris Associates runs a large cap value strategy that
Russell expects will complement the other sub-advisers selected for the
Pool. Harris, an asset management firm founded in 1975, has a
relatively focused business concentrating on U.S., International and
Harris pursues a concentrated value style that intends to emphasize
quality large cap companies at deep discounts to intrinsic
value. Harris has a strong preference for management teams who think
and act like owners and have demonstrated good track records.
About Russell Investments
Russell Investments (Russell) is a global asset manager and one of only
a few firms that offer actively managed multi-asset portfolios and
services that include advice, investments and implementation. Working
with institutional investors, financial advisors and individuals,
Russell's core capabilities extend across capital market insights,
manager research, portfolio construction, portfolio implementation and
Russell has more than C$253.7 billion* in assets under management (as of
9/30/2013) 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$1.4 trillion in 2012
through its implementation services business. Russell also calculates
approximately 700,000 benchmarks daily covering 98% of the investable
market globally, which includes more than 80 countries and more than
10,000 securities. Approximately US$4.1 trillion in assets are
benchmarked to the Russell Indexes.
Russell is headquartered in Seattle, Washington, USA, and has offices
around the world including Amsterdam, Auckland, Beijing, Chicago,
Frankfurt, London, Melbourne, Milan, New York, Paris, Seoul, Singapore,
Sydney, Tokyo and Toronto. For more information about how Russell helps
to improve financial security for people, visit www.russell.com or follow @Russell_News.
*includes more than US$70 billion of derivative overlay assets under
management not included prior to June 30, 2013
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
Russell Investments and the Russell Investments logo are either
trademarks or registered trademarks of Frank Russell Company, used
under 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 2013. All rights
reserved. This material is proprietary and may not be reproduced,
transferred, or distributed in any form without prior written
permission from Russell Investments.
SOURCE: Russell Investments Canada Limited
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