Russell Investments is seeking to set up a diversified income fund, FundWeb reports. The Seattle-based multi-manager group is eyeing a global portfolio of U.K. and other international assets for diversified investments and to address currency risks to control volatility.

The group has already unveiled four IM Russell ICVC funds to help tap demand for mainstream multi-asset products. The firm also offers a large offshore emerging markets fund, which may be shut down to launch another fund.

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