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
|
0.80%
|
0.77%
|
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
|
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.