Russell Canadian Dividend Pool designed to provide steady income, growth
potential, and risk reduction
TORONTO, Aug. 5 /CNW/ - Russell Investments Canada Limited (Russell
Canada) is pleased to announce the launch of the Russell Canadian Dividend
Pool (the Dividend Pool). The Dividend Pool features fully independent,
third-party, investment managers.
The Dividend Pool offers broad diversification across two distinct
investment management styles, 10 Canadian industry sectors, and dozens of
individual holdings - all designed to provide investors with portfolio
stability and further risk reduction.
Irshaad Ahmad, President and Managing Director of Russell Canada,
believes the Dividend Pool can help Canadians address the growing need to
combine consistent income with longer-term capital growth, particularly during
their retirement years.
"As we emerge from one of the most challenging investment and economic
environments in decades, Canadians, particularly retirees and those
approaching retirement, will be looking for investments that can provide
income and growth opportunities," says Ahmad.
"The Russell Canadian Dividend Pool employs managers who work to buy
stable companies that provide consistent dividend returns to investors, which
will in turn support longer-term capital appreciation. Russell's research,
such as the 10-30-60 Retirement Rule, serves as a reminder that
post-retirement wealth creation is necessary in the provision of sustainable
lifetime income, making it very important to have a level of equity exposure
that allows for continued growth. And this is where a more conservative equity
product with a dividend focus provides a better alternative versus a
traditional growth oriented equity fund."
Foyston, Gordon & Payne (FGP) and Goodman & Company Investment Counsel
Ltd. (Goodman) are the sub-advisers in the Dividend Pool.
FGP was founded in 1980 to provide value-style portfolio management to
pension plans, foundations, endowments and high net worth individuals. FGP
worked with Russell Canada to develop a dividend mandate specifically for the
Goodman is a leading Canadian investment manager that has won numerous
Canadian Lipper Awards and Canadian Investment Awards over the past few years.
Russell will continually monitor its sub-advisers to determine whether
they are consistently generating income and managing risk.
"Given the stock market's extreme volatility, finding solid
dividend-paying stocks that will reward you through good times and bad is more
important than ever," says Sadiq S. Adatia, Russell Canada's Chief Investment
Officer and Portfolio Manager of the Dividend Pool.
"The Russell Canadian Dividend Pool should provide an enhancement to the
overall risk/return profile of an investor's asset allocation. We feel that
the top tier investment managers within our signature multi-manager framework
offer a unique dividend fund that should serve investors well over time."
For more information about the Russell Canadian Dividend Pool, please
visit www.russell.com/ca or call Thien Huynh at 416-640-2529.
Russell Investments provides strategic advice, world-class
implementation, state-of-the-art performance benchmarks and a range of
institutional-quality investment products. With approximately $176.3
billionCDN in assets under management (as of 6/30/09), Russell serves
individual, institutional and advisor clients in more than 40 countries.
Russell Investments provides access to some of the world's best money
managers. It helps investors put this access to work in corporate defined
benefit and defined contribution plans, and in the life savings of individual
investors. Founded in 1936, Russell Investments is a subsidiary of
Northwestern Mutual Life Insurance Company and headquartered in Tacoma, Wash.
Russell has principal offices in Amsterdam, Auckland, Johannesburg, London,
Melbourne, New York, Paris, San Francisco, Singapore, Sydney, Tokyo and
Russell Investments Canada Limited is a wholly-owned subsidiary of Frank
Russell Company. For more information, please go to www.russell.com/ca.
For further information:
For further information: Thien Huynh, (416) 640-2529; Katita Stark,