Z Series > Z Series Managed Funds > Z Series Managed Growth Fund

Z SERIES BY RUSSELL INVESTMENTS

Z Series Managed Growth Fund

The Z Series Managed Growth Fund was first launched as a wholesale superannuation portfolio in 1979, making it one of the oldest managed funds in Australia that is still open for investment. Over this extensive period, the fund has continued to deliver competitive returns for investors.

Overview

The Z Series Managed Growth Fund invests in a mix of Australian and international shares, fixed interest securities, listed property securities, alternatives, infrastructure, convertible bonds and cash. The Fund is designed to reduce investment risk by diversifying across asset classes.

The Fund aims to:

  • provide investors with capital growth over the medium to long term, through exposure across a range of asset classes
  • achieve CPI+2.5% p.a. over rolling five-year periods before fees and taxes.

Russell Investments believes that value can be added to the fund by carefully constructing a strategic benchmark allocation to achieve the long-term objectives. Active management of the tactical positions around this, using a combination of top-down and bottom-up inputs, can also provide the opportunity to enhance returns. Through access to extensive research capabilities, the fund aims to add value through superior stock selection in the underlying asset classes.

About the manager

The Z Series Managed Growth Fund is managed by the investment team at Russell Investments.

We believe that successful investing comes from understanding the factors that drive and influence returns for different investments in different markets. The team is supported by sector specialists from across the major asset classes.

The strategic investment partners for each underlying asset class for the fund are as follows:

Asset Class Strategic Investment Partner
Australian shares
Schroder Investment Management Australia Limited
DWS International GmbH
International shares
American Century Investment Management, Inc
Lazard Asset Management Pacific Co
RQI Investors
Allspring Global Investments
Australian property securities
Renaissance Property Securities Pty Ltd
Global property securities
Quay Global Investors
Alternative investments
Antipodes Partners Limited
Infrastructure
Lazard Asset Management Pacific Co
Fixed interest and cash
Schroder Investment Management Australia Limited
Absolute return bond
AllianceBernstein Investment Management Australia Limited
Convertible Bonds
Lazard Asset Management Pacific Co

Russell Investments' ownership is composed of a majority stake held by funds managed by TA Associates Management, L.P., with a significant minority stake held by funds managed by Reverence Capital Partners, L.P. Certain of Russell Investments' employees and Hamilton Lane Advisors, LLC also hold minority, non-controlling, ownership stakes.

© Russell Investments Group, LLC. 1995-2026. All rights reserved. This material is proprietary and may not be reproduced, transferred, or distributed in any form without prior written permission from Russell Investments. It is delivered on an "as is" basis without warranty.