Russell Investments files to change Multi-Asset Fixed Income fund (and class) as it seeks to meet investor demand for income

TORONTO, December 21, 2020 - Russell Investments Canada Limited (Russell Investments) has proposed changes to its multi-asset portfolios—Multi-Asset Fixed Income (MAFI) and Multi-Asset Fixed Income Class—to potentially help investors find new sources of return in an environment of equity volatility and persistently low interest rates.

Effective, February 1, 2021, Russell Investments will change the name of the fund from Multi-Asset Fixed Income (and Class) to Russell Investments Fixed Income Plus Pool (and Class). This change will also result in lower management fees. Series B and B-3 management fees will be reduced to 1.3%, while Series F management fees will be reduced to 0.55% from 0.6%.  The investment strategy, investment objective and low-risk level classification will remain unchanged.

“This strategic name change will better reflect our portfolio-construction efforts to help deliver desired outcomes as we navigate the market environment of 2021 and beyond,” said Greg Nott, senior director. head of Multi-Asset Canada at Russell Investments. “Whether it’s exploring new high-conviction sub-advisers, geographic exposures or strategies such as securitized credit, we’re continually using the firm’s capital markets insights and other investment capabilities to help diversify and enhance returns over the long-term.”

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
Russell Investments is a leading global investment firm providing tailored solutions and services to institutions and individuals through financial intermediaries. Russell Investments is dedicated to improving people’s financial security, leveraging an 84-year client-centric heritage rooted in investment innovation. Russell Investments is the fourth-largest adviser in the world with CA$397.3 billion in assets under management (as of 9/30/2020) and CA$3.4 trillion in assets under advisement (as of 6/30/2020) for clients in 32 countries. Headquartered in Seattle, Washington, Russell Investments operates through 19 additional offices in major financial centers such as New York, London, Tokyo, Toronto and Shanghai.

Steve Claiborne, 206-505-1858,