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Russell Investments Canada Limited Launches ETF Series on Four Key FundsRussell Investments Canada Limited ("Russell Investments Canada") announced today the launch of its initial actively managed exchange-traded fund series (ETF series) based on key Russell Investments mutual funds. Effective January 22, the new ETF series will trade on the Toronto Stock Exchange (TSX) under the following ticker symbols:
Each of these four Russell Investments funds will continue to offer non-listed units that can be purchased and redeemed on a daily basis. "I'm delighted to announce the launch of our four actively manage ETF series based on key diversified fixed income and real assets solutions," said David Steele, President, Russell Investments Canada. "These new investment options provide Canadian advisors and investors with more flexibility and share classes to navigate today's markets." About Russell Investments Canada Limited Russell Investments Canada Limited is a wholly owned subsidiary of Russell Investments Group, Ltd. Established in 1985, Russell Investments Canada Limited has its head office in Toronto. About Russell Investments Russell Investments is a leading global investment firm providing tailored solutions and services to institutions and individuals through financial intermediaries. Russell Investments is dedicated to improving people's financial security, leveraging an 83-year client-centric heritage rooted in investment innovation. The firm is the fourth largest adviser in the world with CAD$398.6 billion in assets under management (as of 12/31/2019) and US$2.4 trillion in assets under advisement (as of 6/30/2019) for clients in 32 countries. Headquartered in Seattle, Washington, Russell Investments operates through 21 additional offices in major financial centers such as New York, London, Tokyo and Shanghai. For further information Visit www.russellinvestments.com/ca, contact [email protected] or call 1 888-509-1792.
Russell Investments Canada Limited
Not for distribution to U.S. newswire services or dissemination in the United States. Although exchange-traded series of mutual funds ("ETF Series") will be listed on the TSX or another exchange or marketplace, there can be no assurance that an active public market for ETF Series will develop or be sustained. Trading of ETF Series on certain marketplaces may be halted under certain circumstances. There can be no assurance that ETF Series will trade at prices that reflect their net asset value per security. The trading price of ETF Series will fluctuate. For more information on risks associated with investing in ETF Series, please read the prospectus before investing. Russell Investments is the operating name of a group of companies under common management, including Russell Investments Canada Limited. Russell Investments' ownership is composed of a majority stake held by funds managed by TA Associates with minority stakes held by funds managed by Reverence Capital Partners and Russell Investments' management. Copyright © Russell Investments Canada Limited 2020. All rights reserved. Frank Russell (News - Alert) Company is the owner of the Russell trademarks contained in this material and all trademark rights related to the Russell trademarks, which the members of the Russell Investments group of companies are permitted to use under license from Frank Russell Company. The members of the Russell Investments group of companies are not affiliated in any manner with Frank Russell Company or any entity operating under the "FTSE RUSSELL" brand. Date of first publication: January 2020 CORPCA-00219 (Exp. 01-2022) View source version on businesswire.com: https://www.businesswire.com/news/home/20200121006033/en/ |