TORONTO, June 21,
2022 /CNW/ - SLGI Asset Management Inc. ("SLGI Asset
Management") announced today the launch of a new private pool and
changes to select mutual funds (the "Funds") to enhance SLGI Asset
Management's product offerings.
New solutions for retirement income
The 2022 FP
Canada™ Financial Stress Index reveals that one in three (35 per
cent) Canadians say financial stress is leading to anxiety,
depression or mental health challenges; two in five (39 per cent)
report they feel less hopeful about their financial future now than
they did a year ago. SLGI Asset Management is committed to helping
Canadians create more resilient financial futures by providing
greater access to innovative products and services. These
innovative solutions also make it easier for Canadians to take
positive financial actions. By helping Canadians build long-term
wealth, SLGI Asset Management is bringing its commitment to its
Purpose and sustainability to life.
"With one in five Canadians nearing retirement age (55-64 years
of age), the need for income products has never been more
pronounced (Source: Statscan)," says Oricia Smith, President, SLGI Asset Management
and Senior Vice-President, Investment Solutions, Sun Life Canada.
"We are excited to announce two new solutions to meet the need for
retirement income and deliver on our Purpose of helping Canadians
achieve lifetime financial security and live healthier lives. By
adding these new products to our already robust suite of options,
we're providing Canadians with more choice in solutions that will
help them build wealth so they can focus on what matters most at
each stage in their lives."
Sun Life MFS Diversified Income Fund
Effective today,
Sun Life MFS Dividend Income Fund will be transitioned to the
Sun Life MFS Diversified Income Fund (the Fund), with
Robert Almeida, Global Investment
Strategist, Portfolio Manager, MFS Investment Management (MFS),
serving as the lead Portfolio Manager. The Fund's investment
strategies have broadened to become a multi-asset, global balanced
portfolio. It seeks to generate a consistent stream of income and
capital preservation for investors in retirement.
Sun Life MFS Diversified Income Fund now offers the
following features to investors:
- A strategic blend of equity (55 per cent) and fixed income (45
per cent).
- Optimized allocations to maximize income and return potential,
while minimizing volatility amongst six distinct income-oriented
asset classes.
- Sustainable, fixed monthly distributions on all series of the
Fund.
- Flexibility to make disciplined tactical asset mix changes in
response to market conditions.
Sun Life Crescent Specialty Credit Private Pool
Effective July 18, Sun Life Crescent
Specialty Credit Private Pool (the Pool) will be launched. The Pool
will be sub-advised by Crescent Capital Group, a global alternative
credit investment manager with over 30 years of specialized
expertise investing in corporate debt. The addition of the Pool
broadens SLGI Asset Management's platform of investment solutions,
providing access to an alternative yield source as well as
potential protection against inflation and rising interest rates.
Investors in the Pool will have access to features such as:
- A specialized fixed income fund focused on below
investment-grade debt.
- Three credit opportunities in a single portfolio – bank loans,
high-yield bonds, and narrowly syndicated credit.
- A design for attractive yield potential, principal
preservation, and protection against inflation/rising interest
rates.
- A fixed monthly distribution for all series of the Pool.
Fund name change
Effective today, the Sun Life NWQ
Flexible Income Fund will be renamed to Sun Life Nuveen Flexible
Income Fund. This will better align with the recent name change of
the fund's sub-advisor from NWQ Investment Management Company, LLC
to Nuveen Asset Management, LLC. The fund's mandate and existing
Portfolio Management team will not change.
Risk rating changes to select funds
In accordance with
the investment risk classification methodology mandated by the
Canadian securities regulatory authorities, SLGI Asset Management
reviews the risk ratings of its funds at least once a year, as well
as when a fund undergoes a material change. As of June
21, 2022, the risk ratings for the following funds will be
lowered as indicated:
Funds
|
Previous Risk
Rating
|
New Risk
Rating
|
Sun Life MFS Canadian
Equity Fund
|
Medium
|
Low to
medium
|
Sun Life BlackRock
Canadian Equity Fund
|
Medium
|
Low to
medium
|
Sun Life Dynamic
Strategic Yield Fund
|
Low to
medium
|
Low
|
Sun Life JPMorgan
International Equity Fund
|
Medium
|
Low to
medium
|
Sun Life MFS Global
Growth Fund
|
Medium
|
Low to
medium
|
Sun Life MFS
International Opportunities Class
|
Medium
|
Low to
medium
|
Sun Life MFS
International Opportunities Fund
|
Medium
|
Low to
medium
|
About SLGI Asset Management Inc.
SLGI Asset Management Inc.
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, Sun Life, with some of the best asset managers from
around the world to deliver a truly global investment platform. As
of March 31, 2022, SLGI Asset
Management Inc. manages $36.21
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 asset management, wealth,
insurance and health solutions to individual and institutional
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 March
31, 2022, Sun Life had total assets under management of
$1.35 trillion. 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.
Media Relations Contact:
Alexandra Locke
Manager, Corporate Communications
T. 416-408-7357
alexandra.locke@sunlife.com
SOURCE Sun Life Financial Canada