Russell Investments scores back-to-back ratings
Russell Investments has this week trumpeted the fact that, for a second year in a row, its multi-manager funds have been accorded a "Highly Recommended" rating by ratings house Lonsec.
Russell attributed the back-to-back "Highly Recommended" ratings to its on-the-ground research approach and the breadth and depth of information collected and assessed in its manager research process, which gave it a key competitive advantage over peers.
It said Lonsec's latest review of its 18 multi-manager funds had included the multi- and single-asset classes as well as the Russell-managed, Ventura suite of wholesale funds.
The Lonsec report cited Russell's "strong competitive advantages in people, processes and product design".
Commenting on the rating, Russell's managing director, retail, Patricia Curtin said the company's strong commitment to manager research supported advisers by freeing them from the burden of investment research and providing access to Russell's global database of investment and manager research.
"The scale and resources Russell dedicates to manager research and selection means we're able to support advisers with their responsibilities to clients under FOFA," she said.
As of October 2011, Russell's Australian multi and single-asset funds held $21.8 billion in funds under management.
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