Russell Expands Manager of Manager to Scandinavia
This alliance marks the introduction of Russell’s multi-manager concept in Scandinavia, though other Russell alliances in Europe have generated more than 8 billion in assets under management.
In America, Russell’s relationships with financial services organizations and independent investment advisers have generated over $15 billion of the company’s total $66 billion assets under management.
The investment program with Den Norske Bank will be called DnB Multi, and will initially offer clients three globally diversified funds, each incorporating a specific risk/return profile tailored to suit individual client needs, including:
- DnB Multi 50, with a mix of 50% global fixed income and 50% percent global equity
- DnB Multi 75, offering a mix of 75% global equity and 25% global fixed income
- DnB Multi 100, in a 100% global equity fund.
As part of the program, DnB Investor will assist clients in determining the most appropriate asset allocations based on the individual investor’s objectives and risk tolerance.
Clients invested in DnB Multi funds will tap into the expertise of 29 investment manager teams covering seven asset classes and 14 investment styles.
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