Russell Investments announces upcoming fund mergers
TORONTO, October 30, 2018 — Russell Investments Canada Limited (“Russell Investments”) announced today that Russell Investments Canadian Equity Fund, Russell Investments US Equity Fund and Russell Investments Global Equity Fund (the “Terminating Funds”) will merge into Russell Investments Canadian Equity Pool, Russell Investments US Equity Pool and Russell Investments Global Equity Pool (the “Continuing Funds”), respectively. Each merger satisfies the requirements in Canadian securities legislation to proceed without the need for approval by unitholders of the Terminating Funds or by the Canadian securities regulators, including that the mergers will be completed on a tax-deferred rollover basis. The mergers will take effect on or about January 28, 2019.
The mergers are being implemented in order to simplify the choices of funds available from Russell Investments, and aims to reduce annual expenses by allocating each fund’s fixed expenses across a larger asset base.
About Russell Investments Canada Limited
Russell Investments Canada Limited is a wholly owned subsidiary of Russell Investments Group, Ltd. Established in 1985, Russell Investments Canada Limited has its head office in Toronto.
About Russell Investments
With more than 80 years of experience, Russell Investments is a global investment manager, dedicated to helping investors reach their long-term goals. Russell Investments offers investment solutions in 31 countries, manages C$381.4 billion in assets (as of June 30, 2018) and provides consulting services on US$2.3 trillion in assets (as of Dec. 31, 2017). Russell Investments specializes in multi-asset solutions, scouring the globe to deliver the best investment strategies, managers and asset classes to its clients around the world.
Headquartered in Seattle, Washington, Russell Investments operates globally with 21 offices, providing investment services in the world’s major financial centers such as New York, London, Tokyo and Shanghai. For more information about how Russell Investments helps to improve financial security for people, visit russellinvestments.com/ca