Russell Investments launches Russell Managed Yield Class - US Dollar Series

  • New US dollar fixed income product invests in high quality Canadian assets and offers built-in currency hedging

TORONTO, April 26 /CNW/ - Russell Investments Canada Limited (Russell) announced that it is launching a new US Dollar Series of its Russell Managed Yield Class, a fixed income solution that meets the needs of conservative investors looking for a well diversified, tax efficient fixed income solution with built in protection from the USD/CAD currency fluctuations.

"Many investors are wondering how to manage the volatility between the Canadian and US dollars", said David Feather, President and CEO Russell Investments Canada Limited. "With this new innovative Series, you have the benefit of being invested in high quality Canadian assets while minimizing the USD/CAD currency fluctuations -- something which would be of great interest to conservative investors who have significant assets or property interests in the US, such as "snowbirds" who want to minimize the risk associated with movements of the USD/CAD exchange rate."

The Russell Managed Yield Class - US Dollar Series provides investors with access to a well diversified, tax efficient fixed income portfolio now with a built in currency hedging strategy, to protect them from the USD/CAD exchange rate movements. For investors seeking a US dollar monthly income, the new Series also offers a 5% (I5) annual distribution series, paid monthly in US dollars, using return of capital. This is a great option for investors looking for a US dollar monthly income stream.

"Given the significant US holdings by many Canadian investors, we believe the Russell Managed Yield Class -US Dollar Series is a great alternative to US GICs and High Interest Savings Accounts, which offer little return potential in this environment" says Greg Nott, Portfolio Manager Russell Investments Canada Limited.  "Your initial investment is made in US dollars, which Russell converts into Canadian in order to purchase the underlying securities of the fund. Russell then uses a currency hedging strategy to protect your investment from future USD/CAD currency fluctuations."

The Russell Managed Yield Class -US Dollar Series offers best of breed sub-advisers. The underlying asset exposure (to Russell Canadian Fixed Income Fund) is sub-advised by three institutional fixed income managers, each with their own areas of specialization: Canso Investment Counsel, Pacific Investment Management (PIMCO) and Beutel Goodman & Company.

Russell Managed Yield Class is also available in Canadian dollar Series.

About Russell Investments

Founded in 1936, Russell Investments is a global financial services firm that serves institutional investors, financial advisers and individuals in more than 40 countries. The firm has C$156.5 billion in assets under management (as of March 31, 2011) in its mutual funds, retirement products, and institutional funds.

Russell Canada was recently named the #1 fastest growing money manager in Benefits Canada's 2010 Top 40 Money Managers Report. For more information about how Russell helps to improve financial security for people, visit us at

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 is a publication of Russell Investments Canada Limited and has been prepared solely for information purposes. 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 and the Russell Investments logo are registered trademarks of Frank Russell Company, used under license by Russell Investments Canada Limited.

Copyright © Russell Investments 2011. 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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Russell Contact: 
Catherine Winchell  416-640-6899
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