Russell to make UK-domiciled Oeic debut

Russell Investments, which runs several of Swip's multi-manager funds, is bringing its first UK-domiciled Oeics to market this year.

The group is set to roll out four manager of managers vehicles over the next two months, with combined assets under management of around £75m. The range will consist of UK and International Growth funds, investing principally in equities, a Defensive fund, made up of government and high grade corporate bonds and a listed property stocks portfolio, called Real Assets. All four funds are waiting for Financial Services Authority approval and Real Assets is planned for launch by the end of August, while the other three should come to market in September. On the Growth vehicles, the und...