Asset manager Russell Investments has added boutique fixed investment house Strategic Fixed Income as a sub-adviser ot its multi-manager range.
The fixed income specialist has been awarded a $329m (£209.8m) mandate for asset managers Russell Global Bond and International Bond funds.
Albert Jalso, portfolio manager of the Russell International Bond fund, says: “Using one of our core capabilities of manager research to identify and blend the best managers, we selected Strategic for their liquid, tactical approach and ability to move quickly in the market.
“This will work well blended alongside the other managers in the three portfolios. Forming part of a multi asset approach to investing, this fund gives investors core exposure to international bond markets.”