Russell Joins RaboPlus Online Managed Funds Platform

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RaboPlus today announced the addition of eight new funds from Russell Investment Management Ltd to its online managed funds platform. Russell is a leading global multi-manager with more than $21 billion in assets under management.

RaboPlus today announced the addition of eight new funds from Russell Investment Management Ltd to its online managed funds platform. Russell is a leading global multi-manager with more than $21 billion in assets under management.

According to RaboPlus Investments Manager Tim Hewson, the addition of Russell’s unique range of multi-manager funds gives customers a broader choice of global strategies to diversify their portfolios.

“Our customers want investment solutions, and Russell’s diversified funds provide investors with exposure to a global, best-of-breed, multi-manager, multi asset and multi-strategy investment portfolio in a single fund. For customers who have trouble selecting suitable funds managers, funds and the right mix, these funds offer an ideal option,” said Mr Hewson.

“Russell’s diversified and single sector funds have been designed to offer customers a range of risk, return and investment time horizon options. These have varying levels of exposure to global growth and defensive assets to suit different investor needs.”

Russell Managing Director, Retail, Patricia Curtin said: “Russell is looking forward to working with RaboPlus. This new opportunity will offer retail investors a unique wholesale access point to our global investment management expertise.

“The GFC has taught investors the importance of diversification. Our suite of funds, which incorporate diversification at three levels – across asset classes, styles and managers – provide investors with the easiest and most efficient way to diversify their investments,” said Ms Curtin.

RaboPlus customers can access a range of wholesale funds online, with a minimum investment of only $250, and can save up to 62% on managed funds fees when investing in wholesale funds via RaboPlus.* Until 30 April 2010, customers can access the full range of Russell funds at a reduced brokerage of just 0.25%.

Investors who want to find out more about Russell Investments, its multi-manager approach and its funds, can register for a free webinar on 12 April at http://www.rabodirect.com.au.

The new funds added to the RaboPlus investment menu are:

1.    Russell Balanced Fund
2.    Russell Conservative Fund
3.    Russell Diversified 50 Fund
4.    Russell Growth Fund
5.    Russell High Growth Fund
6.    Russell Australian Shares Fund
7.    Russell International Shares Fund
8.    Russell International Shares Fund (Hedged)

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