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Russell launches new super vehicle
Chris Corneil
Russell Investment Group has launched a new superannuation vehicle — the Russell Private Retirement Series (RPRS) — which it says will provide Australian investors with direct access to cutting edge strategies in superannuation investment.
Russell’s managing director, retail investor services, Chris Corneil said the RPRS was a superannuation vehicle that allowed advisers to provide their clients with direct access to a wide range of investments from Russell’s Diversified Portfolios and Sector portfolios.
Financial advisers and their clients could allocate funds among the 13 different funds depending upon their investment goals and risk appetite.
Corneil said advisers were increasingly looking beyond the traditional asset classes in order to deliver a more competitive return to their clients.
“The latest Russell Investment Manager Outlook found 49 per cent of Australian investment managers believe the Australian share market is not over-valued,” he said. “Not surprisingly, financial advisers are increasingly investing in our opportunistic portfolios, global property and other alternative funds in order to take advantage of changes in market cycles to produce alpha.”
AUTHOR
Mike Taylor
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