Russell Investments Canada has launched a new fixed income product designed to provide higher return potential than a typical fixed income fund.
“The Russell Core Plus Fixed Income Pool provides a wider opportunity set by giving active bond managers the flexibility to find value beyond traditional sectors of the fixed income markets, such as non-Canadian high yield, currency and global debt securities, such as emerging markets,” says Greg Nott, fixed income portfolio manager for Russell Canada. “It is ideal for investors seeking a higher level of fixed income return potential.”
According to the company, the Core Plus Pool offers increased diversification, as a result of a wider opportunity set, lower associated correlations relative to traditional fixed income strategies, and less reliance on duration.
Also, active bond managers in the pool have increased ability to add value where they see attractive opportunities and the product seeks higher excess return potential than a typical fixed income strategy.
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