August 15, 2012
--- The Russell Multi-Strategy Alternative Fund and the Russell
U.S. Strategic Equity Fund were introduced by Russell Investments. ---
Citing emerging global economic conditions, the
firm believes there is an ongoing need to identify and capitalize on market
shifts both in terms of evaluating the increasing number of investment
strategies available and in assessing the opportunities that can arise in
volatile markets, said Phill Rogerson, managing director of consulting and
product development for Russell’s U.S. adviser-sold business. “The current
market environment provides us with an opening to think differently about
managing risks and to seek to be more agile in responding to opportunities,”
The Russell Multi-Strategy Alternative Fund gives investors
gain access to a diverse range of alternative investment strategies and
sub-strategies drawing on a range of instruments, markets and asset classes
economically tied to U.S., foreign and emerging markets.
The fund seeks to achieve long-term capital growth with low
correlation to, and lower volatility than, global equity markets. It is
designed to diversify risks of investing in alternatives, and combines four
strategies with a range of risk/return profiles that have historically low
correlation to each other, many of which also are not typically available to
retail mutual fund investors. These strategies include relative value, event
driven, equity hedge and tactical trading.
Russell Multi-Strategy Alternative Fund’s benchmark is the Barclays U.S. 1-3
Month Treasury Bill Index.
The Russell U.S. Strategic Equity Fund is an open-ended
mutual fund employing a multi-asset approach to gain
exposure to U.S. large and medium capitalization companies. It seeks to provide
long-term capital growth, and will initially feature 10 manager assignments,
representing five investment styles—defensive, dynamic, growth, value and
market-oriented—and multiple sub-styles.
The portfolio manager has the ability to tactically tilt the fund’s
exposure by over- or under-weighting any of the investment styles based on
factors such as changes in interest rates, monetary policy, and so on.
The Russell U.S. Strategic Equity Fund’s benchmark is the
Russell 1000 Index.