Netwealth’s $400m mandate goes to Russell Investments
Non-institutional platform provider, Netwealth, has appointed Russell Investments as its new manager for their actively managed diversified funds.
Russell Investments would help investors achieve their long-term objectives, and weather the prevailing market conditions, Netwealth said.
The funds equated to over $400 million and formed part of the Netwealth global specialist series that covered four risk profiles, ranging from conservative to high growth.
Netwealth joint managing director, Matt Heine, said: "Netwealth's award winning technology, coupled with Russell Investments' highly rated multi-asset expertise, is a very compelling proposition".
Russell Investments' dynamic approach to investing would help Netwealth's investors through the low return and highly volatile environment, he said.
Investors and advisers were demanding much more robust multi-asset funds, and demand would only increase as the world headed in to an increasingly challenging market, with significant downside risk, Russell Investments said,
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