Russell Investments signs fund distribution deal with Azimut
Russell Investments has signed a distribution agreement with Azimut Capital Management, the network of financial advisors of Italy’s Azimut Group.
The agreement means Russell Investments’ full fund range will be available in the Italian market, including the asset manager’s Multi-Asset Growth Strategy (MAGS) fund, the Global Bond fund and the Unconstrained Bond fund, which was recently launched.
The move confirms Russel’s growth strategy in the Italian market, said Massimo D’Onghia, retail distribution manager for Italy at Russell Investments
“Our expertise in the field of multi-asset and fixed income management will be now available through this new channel,” D’Onghia said.
The Azimut Group recorded total net inflows of €452m in October 2016, reaching €5.6bn since the beginning of the year.
Last month, the group continued its developments on the product side with the launch of Sestante Diversified fund in Australia. The fund has also been included in the Colonial First Wrap platform, which is one of the largest in the region, allowing local practices operating through Colonial First Wrap to subscribe the fund.
Total assets under management through October stood at €34.4bn, and including assets under administration reached €42.1bn.