Sun Life Global Investments launches new funds to help investors
increase income and manage risk
TORONTO, Jan. 17, 2013 /CNW/ - Sun Life Global Investments launched four
new income funds today geared toward providing investors a source of
income as well as one new equity value fund. With interest rates near
all-time lows and market uncertainty, investors are facing challenges
generating higher income while managing risk - a growing concern for
Canadians entering retirement as well as those already in retirement.
According to Statistics Canada, approximately 42.4 per cent of the
working population is between the ages of 45 and 64.1 As Canada's aging population continues to grow, investors are looking
for alternative sources of income as they move from asset accumulation
to asset decumulation.
"The current environment we are in is quite difficult for investors to
navigate through. They are looking to generate income, while trying to
protect what they have accumulated through their working years," says
Sadiq S. Adatia, Chief Investment Officer, Sun Life Global Investments.
"As Canadians enter the retirement stage, these new funds aim to
provide income and generate long-term capital growth. With interest
rates remaining persistently low and our aging population on the rise -
income funds are growing in popularity."
Sun Life Global Investments' new fund line-up includes:
Sun Life Granite Managed Portfolios:
Sun Life Managed Income Portfolio
Sun Life Managed Enhanced Income Portfolio
Sub-advised funds:
Sun Life Dynamic* Strategic Yield Fund
Sun Life Dynamic* Equity Income Fund
Sun Life Sentry Value Fund
The Sun Life Granite Managed Income Portfolios are two asset allocation
portfolios with a diversified mix of income-generating fixed income and
equity investments. These portfolios will be managed by Sun Life Global
Investments' in-house Portfolio Management team, led by Sadiq S. Adatia
and will include funds managed by some of the best income managers for
each asset class. These income managers include: BlackRock, GCIC Ltd.
(manager of the Dynamic Funds®*), Guardian Capital, MFS McLean Budden,
RBC Asset Management and Sentry Investments. The team monitors and
adjusts the portfolios based on market conditions.
The two additional income funds in the line-up are sub-advised by
industry-leading investment manager GCIC Ltd., which brings a wealth of
income-oriented investment expertise. The new value-oriented fund will
be sub-advised by Sentry Investments, a firm with a consistent
investment philosophy aimed at delivering superior risk-adjusted
returns and preserving invested capital. The funds will be available
through Sun Life advisors, MFDA and IIROC advisors.
The new income funds add to Sun Life Global Investments' growing
investment platform which has expanded to include 65 funds (segregated
and mutual funds) in just over two years. Sun Life Global Investments'
funds have seen strong investment performance, with all 12 original
long-term mutual funds ranked above median of their respective
categories. Eight of 12 original long-term mutual funds ranked in the
first quartile within a two year period.** One fund has won a Lipper***
Fund Award - a mutual fund industry award program that recognizes funds
with excellent performance. Sun Life Global Investments oversees $6
billion in client assets under management as of December 31, 2012. The
growth of Sun Life Global Investments builds on Sun Life Financial's
focus to expand its wealth management business in Canada.
Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus
before investing. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated.
About Sun Life Global Investments (Canada) Inc.
Sun Life Global Investments (Canada) Inc. brings together the strength
of one of Canada's most trusted names in financial services with some
of the best asset managers from around the world. With a focus on risk
management, our rigorous selection and monitoring process provides
access to leading asset managers who use insight and innovation to
manage high quality investment solutions for Canadian investors. For
more information, visit: www.sunlifeglobalinvestments.com.
About Sun Life Financial
Sun Life Financial is a leading international financial services
organization providing a diverse range of protection and wealth
accumulation products and services to individuals and corporate
customers. Chartered in 1865, Sun Life Financial and its partners today
have operations in key markets worldwide, including Canada, the United
States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan,
Indonesia, India, China, Vietnam and Bermuda. As of September 30, 2012,
the Sun Life Financial group of companies had total AUM of $515
billion. For more information please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and
Philippine (PSE) stock exchanges under the ticker symbol SLF.
About GCIC Ltd.
GCIC Ltd. ("GCICL"), one of the sub-advisors named above and also the
manager of the Dynamic Funds, is a subsidiary of DundeeWealth Inc.
GCICL offers a wide range of wealth management solutions through
financial advisors. These include the mutual funds and hedge funds of
Dynamic Funds and the portfolio solutions of the Marquis Investment
Program. DundeeWealth Inc. is a wholly-owned subsidiary of Scotiabank.
About Sentry Investments
Sentry Investments is a Canadian asset management company with over $8
billion in assets under management on behalf of Canadian investors.
Sentry offers a diverse range of investment products, including mutual
funds and flow-through limited partnerships. Sentry was recognized as
Canada's Best Equity Funds Group at the 2011 and 2012 Lipper Fund
Awards**, and is one of only three firms to receive four consecutive
Brendan Wood International TopGun Asset Management Team Awards (2009 to
2012).
1 Census Canada 2011, Statistics Canada.
*Dynamic and Dynamic Funds® are registered and proprietary trademarks of
Scotiabank, used under license by Sun Life Global Investments (Canada)
Inc.
**Quartile rankings are determined by Morningstar Research Inc. The
quartile measure shows how well a fund has performed compared to all
other funds in its Morningstar category peer group. Quartile ranking is
as of November 30, 2012 and is subject to change every month.
*** Lipper and Lipper corporate marks are proprietary trademarks of
Lipper, a Thomson Reuters Company. © 2011 Thomson Reuters.
All figures in Canadian dollars, unless otherwise noted.
SOURCE: Sun Life Financial Inc.