Russell Investments has added to its OpenWorld range with the launch of a multi-asset fund with a primary focus of preserving capital.
The OpenWorld dynamic assets fund will be run by German boutique Mack & Weise Vermögensverwaltung.
The mandate is constructed of global equities, short-dated government fixed income, cash, and commodities – primarily precious metals.
Russell Investments OpenWorld range portfolio manager Faisal Rahman says: “This latest addition to our growing OpenWorld suite of funds follows specific demand for a fund which offers absolute return-like attributes, but without the confines in structure or reputation of a traditional absolute return product.”
Martin Mack and Herwig Weise, founding partners of Mack & Weise Vermögensverwaltung, will manage the fund.
Herwig Weise says: “We are naturally extremely pleased to have been asked to manage a mandate for Russell.
“Their investment research process is industry-renowned as being robust – so to have been considered and then selected is a great endorsement of our approach to managing money.”
Details of minimum investment and charges were not available at the time of going to press.