Sun Life Financial today launches its new investment company Sun Life Global Investments (Canada) Inc. which will roll out a new line-up of funds that harnesses world-class investment and product capabilities.
The company starts accepting client investments on October 25, and will offer a suite of 12 funds, including seven funds sub-advised by MFS Investment Management:
• Sun Life MFS Global Growth Fund;
• Sun Life MFS Global Value Fund;
• Sun Life MFS U.S. Growth Fund;
• Sun Life MFS U.S. Value Fund;
• Sun Life MFS International Growth Fund;
• Sun Life MFS International Value Fund; and
• Sun Life MFS Global Total Return Fund.
The inaugural fund lineup also includes a money market fund, sub-advised by McLean Budden.
“Our innovative funds harness the strength of Sun Life with top product development, investment expertise and asset management from around the world, providing Canadian investors with attractive new choices to meet their investment and retirement needs,” says Rick Headrick, president, Sun Life Global Investments Canada.
“The new funds will be available through our extensive distribution reach, which includes Sun Life advisors, MFDA and IIROC advisors, and Sun Life’s group retirement and direct distribution businesses through our segregated fund platform.”
The inaugural fund family also includes four Milestone funds, Sun Life’s brand of target-date funds, with maturity dates of June 30 in each of the following years: 2020, 2025, 2030 and 2035.
Headrick says that Sun Life was the first company in the Canadian group market to offer a guaranteed maturity value for units held to the fund’s maturity date.
“The money market fund rounds out the line-up and offers flexibility for investors to manage their portfolios across the fund family,” he adds.
The funds are eligible for inclusion in such registered plans as RRSPs, RRIFs, and TFSAs.
(10/13/10)