Russell is looking to utilise alternative strategies within its manager of managers structure in order to boost Australians superannuation.
According to Russell managing director retail investor services Chris Corneil, advisers are looking beyond traditional asset classes in order to deliver a more competitive return for their clients super.
"Not surprisingly, financial advisers are increasingly investing in our opportunistic portfolios, global property and other alternative funds, in order to take advantage of changes in market cycles to produce alpha," Corneil said.
The latest Russell Investment Manager Outlook found that 49 per cent of Australian investment managers believe the Australian sharemarket to be over-valued.
The Russell Private Retirement Series (RPRS) allows financial advisers to directly allocate clients funds among 13 different funds within Russell's diversified portfolios and sector portfolios.
This is the first time Russell has offered a direct superannuation vehicle to the market.
The number of funds means an advisor can allocate these depending on their investment goals and risk appetite of the client, Corneil said.
