Russell launches Focused U.S. Equity Pool

Russell Investments Canada has announced the launch of the Russell Focused U.S. Equity Pool, which will also be available in a corporate class version. The mandate is a value-oriented, concentrated portfolio of 50 to 70 U.S. based companies.

“We believe the U.S. equity market is currently trading at compelling relative valuation levels in comparison to other equity markets,” said David Feather, president and CEO, Russell Investments Canada. “U.S. companies are still the most competitive and profitable companies in the world, and their current prices may present an opportunity for investors.”

The fund will be sub-advised by Lazard Asset Management (Canada), Inc., Levin Capital Strategies, L.P. and Mar Vista Investment Partners, LLC.

“We have selected these firms for their expertise in managing concentrated portfolios, and their proven approaches to strong stock selection, which is so important in this environment,” said Greg Nott, chief investment officer, Russell Investments. “With each sub-adviser holding only a limited number of stocks, you can be certain they will have strong conviction in these securities.”

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