US-based asset management firm, Russell Investments, has launched a new fund, Multi-Asset Growth Strategy, in the Italian market, to address retail investors in need of sustainable revenue.
Multi-Asset Growth Strategy will allow investors to access 55 specialised asset managers working according to a range of 20 investment strategies, and seeks to achieve capital growth in line with the stock market’s revenue, while reducing volatility by a third.
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Offered by different markets and asset classes through international managers, the fund reflects "Russell’s typical multi-manager and multi-asset approach and aims".
The fund, which was launched three years ago by Russell Investments for institutional investors, has already collected EUR1.58 billion.
Russell Investments head of sales in Italy, Michele Quinto, said: "Multi-Asset Growth Strategy addresses the increasing need among both investors and financial advisers of products that guarantee revenues.
"In a market characterized by extremely low interest rates and constantly growing volatility, many investors suffer from real negative revenues.
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By GlobalData"However, Russell’s new product succeeds to combine growth of capital in the longer term and risk management."
