Russell adds new dimension to Australian Shares Fund
Russell Investments has appointed value fund manager Dimensional Fund Advisors to manage 10 per cent of its Russell Australian Shares Fund.
Dimensional was chosen following Russell research that confirmed a mild bias to value shares in a core Australian equity portfolio could increase performance over time.
Dimensional believes that investors demand a higher return for investing in more risky value companies than when investing in growth companies.
The appointment of Dimensional will provide Russell with an increase in exposure to smaller companies and a more consistent exposure to value premiums, according to Russell Investments portfolio manager, Kathy Cave.
It will add value by using an investment process that captures risk premiums through minimising turnover, managing market frictions, harnessing the effects of momentum and recognising the impact of liquidity seekers.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
