Russell Investments Canada has launched a new investment pool designed for investors looking for global fixed-income diversification. The Russell Global High Income Bond Pool currently targets 60% high-yield bonds and 40% emerging markets debt.
“In this market environment, investors are seeking higher yields, greater diversification and increased return potential,” said David Feather, president and CEO, Russell Investments Canada. “The Russell Global High Income Bond Pool may be an attractive option, either as a stand-alone investment solution or as a building block within a well-diversified portfolio.”
The pool will be managed by three sub-advisors: DDJ Capital Management will oversee the U.S. high yield bond portion; Logan Circle Partners will managed the global high yield bond portion; and Stone Harbor Investment Partners, manager of the emerging markets debt investments.
Investors can buy into the pool directly, or through Russell Income Essentials Portfolio, Russell Diversified Monthly Income Portfolio, most of the Russell model portfolios and Russell LifePoints Portfolios. It could also be included in the Russell Enhanced Canadian Growth & Income Portfolio on a tactical basis.