Russell Launches Global Infrastructure and Global Credit Strategies Funds

October 07, 2010 at 02:04 PM
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Aiming to capture opportunities created by the global shift in financial markets, Russell Investments launched the Russell Global Infrastructure Fund and the Russell Global Credit Strategies Fund on Wednesday. The company claims they will enable advisors to expand their clients' access to global investments. The two funds also have been added to the Russell LifePoints FundsTarget Portfolio Series and Russell Core Model Strategies.

The Russell Global Infrastructure Fund is designed to offer investors access to "real assets," a category often used by investors looking for enhanced diversification and broader opportunities beyond traditional markets, as well as a potential hedge against inflation. Alternatively, the Russell Global Credit Strategies Fund will offer tactical global bond opportunities, focusing on high yield bonds and emerging market debt and will enable advisors to diversify a client's fixed income lineup.

"Russell endeavors to consistently provide advisors and their clients with thoughtful innovation in regard to building multi-strategy portfolios, which means offering new investing alternatives that are responsive to evolution and globalization in capital markets," said Phill Rogerson, managing director, consulting services for Russell's Private Client Services business, in a statement. "These two new funds join recently unveiled offerings, particularly our Russell Commodity Strategies Fund, which provide investors with access to new sources of return, skilled managers, as well as broader diversification."

Through the Russell Global Credit Strategies Fund investors will gain access to various global credit strategies. As a comparatively more aggressive fixed income product, the fund enhances Russell's fixed income lineup and provides advisors and their clients with access to global fixed income and currency.

The fund's investments will primarily be in high yield bonds and emerging market debt, but it also will consist of investment-grade securities. Underlying managers include Stone Harbor Investment Partners LP and Oaktree Capital Management, LP.

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