Russell Investments Canada Ltd. today announced that Class B units of LifePoints Portfolios will be available for purchase under a sales-charge purchase option and a low-load purchase option, as well as the existing no-load purchase option.

A 10% free yearly redemption entitlement is available for Class B units purchased under the low-load purchase option.

As well, certain funds managed by Russell have received permission from the Canadian securities regulators to enter into interest rate and credit default swaps with remaining terms to maturity greater than three years and to use certain additional types of securities to cover certain specified derivative positions.

“The new low-load and sales-charge options are offered in all seven LifePoints Portfolios, which include the Target Allocation Portfolios and the Target Date Portfolios. This initiative is designed to give advisors and investors more choice and flexibility when choosing a purchase option. Advisors will have a full range of LifePoints purchase options to choose from to best fit their business strategy and client needs,” said David Bullock, managing director of Russell Investments’ Private Client Group.