Retiree investors are more inclined to put their money in outcome-based products that are compatible with their individual objectives, said Russell Investments after posting strong growth from its retiree-focused investment range. 

PartnerShip Funds, launched in December 2012 with financial planning network Matrix Planning Solutions, consist of five actively managed portfolios designed to achieve outcomes that are more aligned with investors' life stages and needs. 

Since they started, the PartnerShip Growth Fund performed the strongest, posting a 10.8 per cent return for the year to August 2013. According to Russell, this is well above its target objective of a +4.5 per cent Reserve Bank of Australia cash rate. PartnerShip Balanced Fund posted a net return of 7.69 per cent, while Partnership Debt Management Fund delivered a net return of 7.67 per cent.

"There is a shift toward outcome-oriented investing, which addresses the need for products focused on objectives understandable by the investor. Along with the global multi-asset surge, [we should be] crafting adaptive portfolios that deliver the right outcomes," said Siva Sivakumaran, managing director for private client services.

"The alliance approach provides financial planning practitioners support in building retirement income solutions for specific individual investor objectives."