Russell launches new superannuation product
Russell Investment Group has launched a new superannuation investment vehicle aimed at providing retail investors access to managed funds that cover investment strategies and offer returns beyond those produced by investments in traditional asset classes.
Called the Russell Private Retirement Series (RPRS), the product has been designed to provide easy access to the broad range of investment strategies offered by the investment firm.
Russell national strategic development manager Patricia Curtin said: “We’ve had very positive feedback from advisers in relation to the RPRS in general, which we launched two years ago, and the development of this product is a direct result of advisers asking us to do a superannuation version of it.”
Investors looking to use RPRS will be offered a choice of 13 different funds drawn from Russell’s sector and diversified portfolios.
“There are five diversified portfolios ranging from conservative to high growth. There are the Australian sector portfolios, which include properties, Australian shares, our Australian Opportunities Fund and cash. And there are the global sector funds, which include our international properties fund, international shares and the opportunities fund,” Curtin explained.
The offering means investors will also have access to Russell’s Select Holdings strategy.
“We have injected that innovative strategy within our core Australian shares portfolio so there is an allocation to Select Holdings within our Australian shares portfolio. So we’ve injected the innovation without increasing the level of risk to the client,” Curtin said.
“We find advisers are looking for access to the non-traditional asset classes but they don’t want to increase the risk for their clients,” she added.
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