Russell Investments hired as investment advisor for Tuvalu Trust Fund

Firm appointed to act as investment advisor on four Tuvalu investment funds that support current and future generations of Tuvaluans and provide additional financial stability for the government of Tuvalu.

AUCKLAND, 11 September 2020 — Russell Investments was selected as the investment advisor for four Tuvalu investment funds, which are vital to the financial security of the island nation and its 11,000 residents. The funds have total assets of approximately A$260 million, the majority of which is held in the Tuvalu Trust Fund, the sovereign wealth fund of Tuvalu. The Consolidated Investment Fund, the Tuvalu Survival Fund and the Falekaupule Trust Fund are the other investment funds, all of which were created to provide additional financial stability for government of Tuvalu and to meet specific development goals.

‘It is a privilege to be appointed as an investment advisor by the Board of the Tuvalu Trust Fund,” said Auckland-based Matt Arnold, Director, New Zealand Institutional, at Russell Investments. “We will bring the global capabilities of Russell Investments to serve these funds which are of vital importance to the ongoing development of Tuvalu and to current and future generations of Tuvaluans.’

‘We look forward to working closely with the Board and its advisors in helping to ensure the funds build on their long record of success and continue to be managed in a way that serves the interests of the people of Tuvalu,’ said Senior Investment Consultant, Guy Fisher, at Russell Investments.

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 83-year client-centric heritage rooted in investment innovation. Russell Investments has NZD$442.4 billion in assets under management (as of 6/30/2020) and $3.8 trillion in assets under advisement (as of 12/31/2019) for clients in 32 countries. Headquartered in Seattle, Washington, Russell Investments operates through 20 additional offices in major financial centers such as New York, London, Tokyo and Shanghai.

About Tuvalu Trust Fund

Founded in 1987, the Tuvalu Trust Fund is an international sovereign wealth fund established to benefit the nation of Tuvalu by providing income to cover shortfalls in the national budget, underpin economic development, and help the nation achieve greater financial autonomy.