Russell changes U.S. equity subadvisors

Russell Investments Canada has announced changes to the sub-advisors on the Russell US Equity Pool and Russell US Equity Fund.

Regarding the pool, Schneider Capital Management, Suffolk Capital Management, Legg Mason Capital Management and Russell Implementation Services in respect of Russell Select Holdings only, have been removed. Levin Capital Strategies has been added as a market oriented specialist, with an 11% target weight.

On the fund, Aronson+Johnson+Ortiz, MFS Institutional Advisors, Suffolk Capital Management, Legg Mason Capital Management, and Russell Implementation Services in respect of Russell Select Holdings only, have been removed. Again, Levin Capital has been added, and given a 20% target weight.

Institutional Capital has also been added as a large cap value specialist, and will manager 26% of the fund.

The Russell US Equity Pool is part of the Russell Sovereign Investment Program, while the Russell US Equity Fund is an underlying fund in LifePoints Portfolios.

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