Russell Investments lines up multi-asset fund launches
US group to expand UK retail offering with two multi-asset funds.
Russell Investments is set to expand its retail offering in the UK with the launch of two multi-asset funds later in the year.
One of the funds will be growth orientated, targeting consistent, inflation-linked growth.
It will be based on the Dublin-domiciled £760m Multi Asset Growth Strategy fund, which launched in December 2009 and aims to achieve equity-like returns, but with two-thirds of the volatility.
The second fund will have an income focus, which the group said would particularly appeal to those seeking income in retirement.
The income fund’s primary aim is to seek “dependable income … supported by additional goals of capital preservation and capital growth – all in a risk-controlled environment”.
Head of UK retail Greg Stark said: “Our existing funds help investors achieve their investment outcomes by targeting levels of risk – allowing advisers and investors to control and customise asset allocation to meet individual needs.
“With the new funds, we will apply the full weight of our expertise to constantly refining the asset allocation - increasing the likelihood of meeting defined goals.
“This could be particularly useful for people whose investment time horizon bisects retirement – making it easy for advisers to help put in place a plan catering for changing income requirements.”
The group said it was currently in talks with platforms to add the funds when they are launched.