At Russell Investments, we have been managing EPI mandates for more than 10 years, across more than 100 EPI portfolios. We have also been in a 10-year bull market, which has prompted clients to ask whether EPI can still deliver the expected benefits during a market downturn?

The sharp correction caused by the spread of COVID-19 has created a challenging market environment, with volatility hitting new highs. During this period, our implementation portfolio managers have introduced a number of strict constraints to minimize any variance between the EPI accounts and the underlying manager portfolios. These constraints, along with more frequent trading, have helped the EPI portfolios continue to deliver a positive net performance during this period.

Download research