Russell Investments reports Russell Sovereign Investment Program and Sovereign Diversified Monthly Income Portfolio are now available under low load and front load purchase options for all eight pools. This is in addition to the existing no-load option.

The purchase option changes are outlined in the recent renewal of the Russell Sovereign Investment Program’s prospectus.

As well, Russell now offers an elite share class for accounts of $500,000 or more. The new Sovereign Elite “E Class” answers advisors’ requests for more competitive fees on larger accounts.

The new E Class is offered in no-load and front-load options and is designed to give advisors an added advantage when prospecting to high net worth clients.

“The new purchase options and new share class offer more flexibility for advisors to prospect for clients and grow their assets,” says David Bullock, Russell Canada’s managing director of distribution and marketing.

For more detailed information on fund loads for the Russell Sovereign pools and the Sovereign Diversified Monthly Income Portfolio, can be found in the attached news release.

Russell also announced the launch of the Russell Core Plus Fixed Income Pool today. The Core Plus Pool is designed to give investors greater diversification in their portfolios. It also seeks to provide higher return potential than a typical fixed income fund.

“The Russell Core Plus Fixed Income Pool provides a wider opportunity set by giving active bond managers the flexibility to find value beyond traditional sectors of the fixed income markets, such as non-Canadian high yield, currency and global debt securities, such as emerging markets. It is ideal for investors seeking a higher level of fixed income return potential,” says Greg Nott, fixed income portfolio manager for Russell Canada.