Russell Investments Canada Limited has launched Russell Global Unconstrained Bond Pool.
This enhanced fund (formerly the Russell Core Plus Fixed Income Pool) includes a new sub-adviser, an expanded investment mandate and a new set of Russell positioning strategies.
“Canadian investors and their financial advisors require a broader set of fixed income investment tools to prepare their portfolios for a number of possible scenarios,” says David Feather, president and chief executive officer, Russell Investments Canada. “Fixed income approaches which solely aim to replicate traditional benchmark exposures should be complemented by dynamic and active approaches.”
The fund is an absolute return strategy managed without traditional fixed income benchmark constraints, says the firm, seeking to capitalize on a wider range of global opportunities compared to traditional fixed income products. Russell’s chief investment officer Greg Nott will oversee the fund as portfolio manager, supported by portfolio analyst Peter Dohnal and Russell’s global fixed income investment team.
East Coast Funds Management Ltd. has been added as a sub-adviser, with the mandate to manage an absolute return credit portfolio. In addition, the Fund’s overarching mandate has been broadened, allowing Nott and his team to diversify among a wider range of fixed income sectors, durations and markets beyond Canada.
Russell Unconstrained Bond Pool is available for purchase in Series A, Series B, Series E, and Series F (fee-based).