Russell Investments Canada is renaming the Russell Retirement Essentials Portfolio and the Russell Retirement Essentials Class Portfolio as Russell Income Essentials Portfolio and Russell Income Essentials Class Portfolio, respectively. The new names will help better reflect the type of investors in the fund and the mandate of the portfolio. The Russell Income Essentials Portfolio, which consists of 35% equity and 65% fixed income, balances preservation of capital with capital appreciation. It includes the Russell Fixed Income Pool and the Russell Core Plus Fixed Income Pool. The Russell Income Essentials Class Portfolio improves the after-tax income and helps investors realize income goals.
Click here for the release from Canada Newswire.