Multi-strategy investment solution aims to offer investors more stability in turbulent markets
TORONTO, June 2, 2016 /CNW/ - Sun Life Global Investments is partnering with Aviva Investors to launch the Sun Life Multi-Strategy Target Return Fund, allowing clients to invest for growth, even during periods of market instability. The new fund seeks to provide investors with an average annual gross return of five per cent above the Bank of Canada's overnight lending rate during a rolling three year period.
"Solutions that are designed to deliver absolute returns are top of mind for our clients as they look to participate in a variety of market environments," said Rick Headrick, President, Sun Life Global Investments. "The multi-strategy approach aims to provide investors with a more stable investment experience and lower overall fund risk by managing the volatility that each strategy contributes to the portfolio."
Sun Life Multi-Strategy Target Return Fund invests in a broad range of strategies, adopting a dynamic investment approach through which it seeks to take advantage of both rising and falling markets. Portfolio managers have the ability to adjust the fund to adapt to the market environment, ensuring that its main objective is met - specifically, long-term capital growth through a variety of market conditions.
The partnership with Aviva Investors strengthens Sun Life Global Investments' commitment to provide clients with investment solutions to help in today's market.
"In the last few years, we have refocused our business away from benchmark investing and towards delivering outcomes that really matter to investors, such as growth and income," said Euan Munro, Chief Executive, Aviva Investors. "Globally, we have seen huge interest for our multi-strategy fund platform and we look forward to bringing these solutions to Canadian investors in collaboration with Sun Life Global Investments."
Sun Life Multi-Strategy Target Return Fund will be available through advisors qualified to sell commodity pools starting June 6, 2016 and to pension plan sponsors June 15, 2016.
About Sun Life Global Investments (Canada) Inc.
Sun Life Global Investments offers Canadians a diverse lineup of mutual funds and innovative portfolio solutions, empowering them to pursue their financial goals at every life stage. We bring 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 to deliver a truly global investment platform. Sun Life Global Investments manages more than $13 billion on behalf of institutional and retail investors from coast to coast and is a member of the Sun Life Financial group of companies. For more information, visit www.sunlifeglobalinvestments.com or connect with us on Twitter @SLGI_Canada.
About Sun Life Financial
Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth products and services to individuals and corporate customers. Sun Life Financial has operations in a number of 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 March 31, 2016, the Sun Life Financial group of companies had total assets under management of $861 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.
Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 15 countries in Asia Pacific, Europe, North America and the United Kingdom with assets under management of £290 billion as at 31 December 2015.
Note to Editors: All figures in Canadian dollars.
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.
SOURCE Sun Life Global Investments (Canada) Inc.
Sun Life Financial