TORONTO, Jan. 9, 2012 /CNW/ - Russell Investments Canada Limited
(Russell) today announced that Clarivest Asset Management LLC
(ClariVest) has been appointed a sub-adviser for the Russell Canadian
Equity Pool (the "Pool") and the Russell Canadian Equity Fund (the
"Fund"). With this announcement, Russell becomes the first and only
firm to offer both retail and institutional investors' access to
ClariVest's Canadian Equity products.
"With the appointment of ClariVest, the Russell Canadian Equity Fund and
Russell Canadian Equity Pool gain a quantitatively managed, bottom-up
investment strategy that is expected to perform well in a variety of
market environments, which will help enable the Fund and the Pool to
better withstand volatile markets," said Greg Nott, Chief Investment
Officer, Russell Investments Canada. "ClariVest's strategy seeks to
capture excess return potential created by investors' under-or
over-reaction to changes in growth and contraction cycles. The
portfolio structure is expected to lower the Fund's/Pool's market
sensitivity, improve portfolio diversification while lowering
style-factor risks, and increase the product's overall expected alpha."
Russell has completed a thorough analysis of the fund structure
incorporating the recommended sub-adviser change. The fund's general
investment objectives, strategies and risk profile will remain
consistent with the fund's description as it appears in the prospectus.
Additionally, portfolio characteristics such as market capitalization,
valuation and sector exposure relative to the benchmark will not be
materially altered as a result of the sub-adviser change.
ClariVest is a quantitative market-oriented sub-adviser, with a 17
percent target weighting in the Fund and Pool. The ClariVest mandate
typically holds 70-75 stocks.
About the Russell Canadian Equity Pool and Fund
The Russell Canadian Equity Pool is part of the Russell Sovereign
Investment Program - which has been designed to manage risk on multiple
levels and provide long-term performance for individual investors for
over 15 years. The Russell Canadian Equity Fund is an underlying fund
in Russell LifePoints Portfolios, an innovative fund-of funds solution
which is available to both individual and institutional investors.
About ClariVest Asset Management LLC
ClariVest was founded in early 2006 by a group of experienced
quantitative equity strategists, including Stacey Nutt, the firm's
chief investment officer. ClariVest, which stands for Clarity in
Investing, applies proprietary modeling techniques to identify
attractive investment opportunities utilizing global comparisons.
ClariVest's portfolios tend to be relatively concentrated in comparison
to other quantitative managers, and will exhibit sectoral exposures
that deviate from the benchmark, but in a risk-managed manner. The
quantitative model is comprised of a unique mixture of valuation and
momentum signals within a global framework which may cause the
portfolio to focus on different parts of the market, depending on where
the most attractive opportunities exist. These characteristics are
expected to highly complement the investment processes of the other
sub-advisers in the Fund/Pool.
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 35 countries. The firm has $143 billion in assets under
management (as of 09/30/11) in its mutual funds, retirement products,
and institutional funds.
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 2012. 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.
RETAIL -2012-01-05-0025 (EXP-2012-12)
SOURCE Russell Investments Canada Limited
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