Russell Investments – Dedicated To People’s Financial Security



DATE \@ "MMMM d, yyyy" April 1, 2020AddressAddressAddressDear [Client Name]:We hope that this note finds you, your family and loved ones safe and healthy during this unprecedented time. We know how distressful the current global health crisis is, and how it has brought changes to virtually every aspect of our lives and routines.The other day I was driving back from California with my daughter for over 13 hours. She had just been notified by her school that she needed to move out in less than 72 hours. Though a stressful few days, it made me grateful and fortunate that our family could be together during this challenging time. Today, at my home office in Seattle, I try to imagine the unique challenges that you, your family and loved ones are each managing. We also understand that the recent volatility in the markets is unsettling. With all of this in mind, I wanted to provide you with some perspective on what’s happening right now in the markets, the investment process that guides us in managing your portfolio, and how you can maintain poise through turbulent markets. We can appreciate why today’s markets may remind many investors of the Global Financial Crisis of 2008. After all, as was the case back then, the stock and bond markets swung wildly, and many investors are thinking about what changes they should make to their portfolios. The statistics then – as now -- are indeed stark and the emotions are real. However, it’s precisely during these times that the perspective we have gained over 84 years of experience managing global portfolios is a valuable guide for us—and hopefully also to you and your advisor. While our investment process has evolved over that time, our resolve and commitment to bringing financial security to investors like you have not wavered. Let me share our perspective with you, by answering the questions we have been receiving most frequently recently: Should I be revising my plan? We continue to believe in the value of broad diversification in professionally-researched money managers and strategies. If you’re investing for the long-term and if your goals, circumstances and preferences have not changed, then your financial plan and portfolio may need no changes right now. That said, having a conversation with your trusted advisor is always a good idea. Your advisor knows you best and will be able to guide your decisions. Should I still be invested in bonds? It is true that the bond market has been in the headlines recently. However, we believe that bonds are typically an integral part of every portfolio, as they have historically been among the most effective diversifiers to stocks in the long run. The size of your allocation to bonds in your portfolio will depend on your goals, circumstances and preferences. Here again, your advisor will be able to provide perspective appropriate for your particular situation. Should I be investing cash I have in other accounts into the market right now? The famous adage that investment success generally results from buying at low prices and selling at higher ones still holds. Broadly speaking, the recent volatility in the market has made many stocks cheaper today than they were in mid-February. Some stocks appear undervalued now, others closer to fair value. At Russell Investments, this causes us to actively examine potential opportunities while at the same time balancing this with a deep understanding of potential risks. As for cash you may have had on the sidelines, we suggest you consult your advisor to make the right decisions for the long-term health of your wealth. Are you rebalancing portfolios? Market volatility can shift the proportion of asset classes within a portfolio. Depending on the magnitude of those shifts, for instance, a balanced 60% stocks / 40% bond portfolio could turn into a 50% stocks / 50% bonds allocation instead. That can have long-term implications for investors’ ability to achieve their goals. So, where appropriate, we have rebalanced the portfolios we manage on your behalf in line with their original policy targets. Your advisor can provide more perspectives on whether rebalancing your portfolio is appropriate.If you have additional questions regarding your Russell Investments portfolio, or if you would like more details on our business continuity program and the precautionary measures we’ve taken to ensure our ability to continue to serve you, please reach out to your investment advisor.Thank you for your ongoing trust in our firm. We wish you and your family well.Sincerely, Brad JungManaging Director, Head of North America SalesRussell Investments’ ownership is composed of a majority stake held by funds managed by TA Associates with minority stakes held by funds managed by Reverence Capital Partners and Russell Investments’ management. Frank Russell Company is the owner of the Russell trademarks contained in this material and all trademark rights related to the Russell trademarks, which the members of the Russell Investments group of companies are permitted to use under license from Frank Russell Company. The members of the Russell Investments group of companies are not affiliated in any manner with Frank Russell Company or any entity operating under the “FTSE RUSSELL” brand.Russell Investments Financial Services, LLC, member FINRA, part of Russell Investments.Copyright ? 2020 Russell Investments Group, LLC. All rights reserved.?First used: April 2020. RIFIS 22623 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download