TORONTO, Nov. 4, 2013 /CNW/ - Russell Investments Canada Limited (Russell) today proposed changes to the investment objectives of two of its Funds: Russell Enhanced Canadian Growth and Income Portfolio and Russell Enhanced Canadian Growth and Income Class Portfolio (the "Funds").
Russell, a leading global provider of multi-asset solutions, is seeking to approve a change to allow each of the Funds to include primarily foreign as well as Canadian equities in their strategic allocation. Russell also proposes changing the names of the Funds to Russell Global Strategic Income Portfolio and Russell Global Strategic Income Class Portfolio, which reflects the change in investment objectives.
If this change is approved by investors, the Funds will have the ability to adopt a global approach to participate in more foreign investment opportunities and increase overall diversification.
Full details about the proposed investment objective changes will be outlined in a Management Information Circular and Proxy to be mailed in December to investors of record. A special meeting of investors will be convened on or about January 13, 2014 to approve the changes. If the above changes are approved, they will take effect on January 14, 2014.
About Russell Investments
Russell Investments (Russell) 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 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, portfolio construction, portfolio implementation and indexes to help each achieve their desired investment outcomes.
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.
Headquartered in Seattle, Washington, Russell operates globally, including through its offices in Seattle, New York, London, Paris, Amsterdam, Sydney, Melbourne, Auckland, Singapore, Seoul, Tokyo, Beijing, Toronto, Chicago, San Diego, Milwaukee and Edinburgh. 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 the information.
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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