TORONTO, Aug. 20, 2013 /CNW/ - Sun Life Global Investments announced
today that Schroder Investment Management North America Inc.
("Schroders") will assume the portfolio sub-advisory responsibilities
for Sun Life Tradewinds Emerging Markets Fund, effective August 29,
2013. As a result of a sub-advisor review, Tradewinds Global Investors,
LLC will no longer be the sub-advisor for this fund. The fund will be
renamed Sun Life Schroder Emerging Markets Fund on the effective date
of the change.
"Schroders has a strong heritage based on more than 200 years of
investment experience and they are committed to providing long-term
value for clients," said Sadiq. S Adatia, Chief Investment Officer, Sun
Life Global Investments.
The investment objective of Sun Life Schroder Emerging Markets Fund
remains unchanged: to seek capital appreciation by investing primarily
in equity securities of companies with a connection to emerging
markets.
"We look forward to working alongside Sun Life Global Investments to
create long term value for Canadian investors," said Ross Servick, Head
of Canadian Distribution for Schroders. "We are pleased to bring our
global perspective and expertise to the management of the Sun Life
Schroder Emerging Markets Fund."
The investment strategies for the fund will be amended to reflect the
new investment opportunities provided by Schroders, including the
addition of the ability to invest in certain other investment funds.
There will be a transition plan to rebalance the portfolio to
securities and asset classes to reflect the new investment strategies.
Schroders has engaged its affiliate, Schroder Investment Management
North America Limited, to provide portfolio advisory services as well.
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. Sun Life Financial and its partners have operations in key
markets worldwide, including Canada, the United States, the United
Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India,
China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of
June 30, 2013, the Sun Life Financial group of companies had total
assets under management of $591 billion. For more information, please
visit sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and
Philippine (PSE) stock exchanges under the ticker symbol SLF.
All figures in Canadian dollars, unless otherwise noted.
About Schroder Investment Management North America Inc. and Schroder
Investment Management North America Limited
Schroders is a global asset management company with $357.5 billion under
management as at 30 June 2013. Our clients are major financial
institutions including pension funds, banks and insurance companies,
local and public authorities, governments, charities, high net worth
individuals and retail investors.
With one of the largest networks of offices of any dedicated asset
management company, we operate from 34 offices in 27 countries across
Europe, the Americas, Asia and the Middle East. Schroders has
developed under stable ownership for over 200 years and long-term
thinking governs our approach to investing, building client
relationships and growing our business.
Further information about Schroders can be found at www.schroders.com/us.
SOURCE: Sun Life Financial Inc.