TORONTO, Nov. 25, 2019 /CNW/ - Sun Life Global Investments (Canada) Inc. ("Sun Life Global Investments") has announced a number of changes to the Sun Life Opportunistic Fixed Income Fund and Sun Life Real Assets Fund. These changes have an effective date of February 26, 2020 and are designed to align the features of the two funds with those of the Sun Life Global Investments Private Investment Pools, expected to be available on or about February 26, 2020.
Changes to Sun Life Opportunistic Fixed Income Fund
- Name will be changed to Sun Life Opportunistic Fixed Income Private Pool
- Series A low load (LL) and deferred sales charge (DSC) purchase options will be closed to investment in new accounts
- Management fees will be reduced as per the following chart:
| |
Current Mgmt. Fee
|
Mgmt. Fee effective Feb. 26, 2020
|
|
Series A
|
1.55%
|
1.52%
|
|
Series F
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0.80%
|
0.77%
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Effective immediately, Series O securities of Sun Life Opportunistic Fixed Income Fund will no longer be available for purchase.
Changes to Sun Life Real Assets Fund
- Name will be changed to Sun Life Real Assets Private Pool
- Series A LL and DSC purchase options and the Series O purchase option will be closed to investment in new accounts
- Management fees will be reduced as per the following chart:
| |
Current Mgmt. Fee
|
Mgmt. Fee effective Feb. 26, 2020
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|
Series A
|
1.95%
|
1.90%
|
|
Series F
|
0.95%
|
0.90%
|
|
Series O
|
0.95%
|
0.90%
|
Notice of cancellation of management fee reductions
With these changes, Sun Life Opportunistic Fixed Income Fund and Sun Life Real Assets Fund will no longer be eligible for reduced management fees within the Sun Life Global Investments Private Client Program.
About Sun Life Global Investments (Canada) Inc.
Sun Life Global Investments is a subsidiary of Sun Life Financial Inc. It 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 $28 billion on behalf of institutional and retail investors from coast-to-coast and is a member of the Sun Life group of companies. For more information visit www.sunlifeglobalinvestments.com or connect with us on Twitter @SLGI_Canada.
About Sun Life
Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life 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 September 30, 2019, Sun Life had total assets under management of $1,063 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.
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.
Series F is available only to eligible investors who have fee-based accounts with their dealers.
Forward-Looking Statements
Certain statements in this news release may be considered to be forward-looking statements within the meaning of applicable Canadian securities legislation. Information about risk factors relating to the mutual funds managed by Sun Life Global Investments can be found in the current prospectus of the mutual funds discussed in this press release and for Sun Life can be found in the annual information form of Sun Life Financial Inc., for the year ended December 31, 2018 under the heading "Risk Factors" and other regulatory filings filed with or furnished to Canadian securities regulators available at www.sedar.com.
© Sun Life Global Investments (Canada) Inc., 2019. Sun Life Global Investments (Canada) Inc. is a member of the Sun Life group of companies.
Media Relations Contact:
Erin Cudmore
Senior Communications Specialist
Corporate Communications
T. 647-227-6016
erin.cudmore@sunlife.com
SOURCE Sun Life Global Investments (Canada) Inc.
