Russell Investments makes asset allocation changes across LifePoints funds and model strategies
Global asset manager Russell Investments is implementing a series of strategic asset allocation changes to several retail product offerings in the US market.
These products include the Russell LifePoints Funds, Target Portfolio Series and Russell Core Model Strategies.
The primary changes include shifts in the fixed income, US equity, international equity and alternatives asset class allocations, and for most portfolios the reallocations take effect in January 2014.
“Our investment strategists are forecasting an environment of modest returns through 2014, which can be challenging for some investors in achieving a desired rate of return at a level of risk they are comfortable with,” says Jeff Hussey, global chief investment officer at Russell. “Despite a lower-return environment, our outlook is not pessimistic and we see promising opportunities for many investors maintaining diversified, multi-asset portfolios with global exposure.”
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