Tax management involves one or some combination of tax-loss harvesting; reducing offsetting trades, where the fund reallocates a security from one of its sub-advisors to another, in order to avoid potential tax costs that could arise from selling the security; reducing portfolio turnover; and seeking tax-efficient equities.
Read more: Could tax-loss harvesting be a tailwind for ESG ETFs?
As one of the funds’ sub-advisers, Russell Investments Implementation Services will carry out tax management.
“With more than 30 years of tax-managed investing experience in the U.S. and a decade in Australia, we’ve honed solutions that are well-designed to maximize investors’ after-tax returns,” said Brad Jung, president, Russell Investments Canada Limited and head of North America Advisor & Intermediary Solutions at Russell Investments.
“We’re eager to share our tax-managed capabilities with Canadian investors to help them improve after-tax wealth and keep more of what they earn.”
