Russell Investments launches new fund in Italy
Russell Investments has launched Multi-Asset Growth Strategy in the Italian market, a fund to address retail investors’ need of sustainable revenue.
The fund reflects Russell’s typical multi-manager and multi-asset approach and aims at taking advantage of opportunities offered by different markets and asset classes through international managers.
Multi-Asset Growth Strategy allows investors to access 55 specialised asset managers working according to a range of 20 investment strategies, and seeks to achieve capital growth in line with the stock market’s revenue, while reducing volatility by a third.
The fund, which was launched three years ago by Russell Investments for institutional investors, has already collected €1.58bn.
Russell Investments’ head of sales in Italy Michele Quinto said: “Multi-Asset Growth Strategy addresses the increasing need among both investors and financial advisers of products that guarantee revenues.
“In a market characterised by extremely low interest rates and constantly growing volatility, many investors suffer from real negative revenues. In this scenario, it is difficult to obtain good revenue with a sustainable level of risk, especially for Italian retail investors.
“However, Russell’s new product succeeds to combine growth of capital in the longer term and risk management,” he concludes.