Move will help investors build more resilient
portfolios for changing market conditions, better aligning with
their values
WINNIPEG, MB, Oct. 23,
2023 /CNW/ - Today, The Canada Life Assurance Company
(Canada Life) and Canada Life Investment Management Ltd. (CLIML)
are announcing enhancements to their segregated fund and mutual
fund line-ups.
In response to the increasing demand for more sustainable
investment solutions, the companies are making five of the
underlying funds from the Canada Life Sustainable Portfolios™
available as standalone responsible investment branded mutual and
segregated funds.
"Whether through the products they buy or the companies they do
business with, Canadians are telling us they want to make a
positive contribution to the world, while also working towards
their financial goals – so we're helping them do exactly that with
standalone, responsible investment solutions that seek to align
with their values," said Steve
Fiorelli, Senior Vice-President, Wealth Solutions, Canada
Life and Chief Executive Officer, CLIML. "It's another way
that Canada Life is affirming its commitment to responsible
investing, while helping Canadians meet their financial planning
needs."
Also, effective today, Canada Life is announcing an enhancement
to its segregated fund shelf with the addition of the Diversified
Real Assets fund. This move follows a similar announcement for its
mutual fund shelf earlier in 2023 and represents another step
forward on Canada Life's journey to build a leading wealth
management offering that equips advisors with the right investment
line-up to meet their clients' evolving needs.
"Recently, we've seen inflation at 40-year highs, and
experienced considerable market volatility. Given these changing
market environments, offering diverse product options is more
important than ever. With this new addition to our segregated fund
shelf, we're further bolstering the options for advisors and their
clients. It means more investment opportunities to help meet
clients' unique long-term goals – no matter what the market
brings."
Other changes effective today include reopening Emerging
Markets Equity segregated fund to new investors and the
addition of Global Small-Mid Cap Growth to our segregated
fund line-up. These changes provide further investment options and
will help advisors meet clients' evolving needs and long-term
goals.
As Canada Life is constantly growing and adapting its segregated
fund shelf to make it more cohesive and easier to navigate,
effective today 12 segregated funds have been renamed to remove the
Pathways brand name from the line-up. This move will make it
easier for advisors to focus on what they do best – building client
relationships and generating future sales.
Disclaimers
These funds are available through a
segregated funds policy issued by The Canada Life Assurance
Company. Standalone responsible investment branded funds are also
available as a mutual fund managed by Canada Life Investment
Management Ltd. offered exclusively through Quadrus Investment
Services Ltd. Make your investment decisions wisely.
Any amount allocated to a segregated fund is invested at the risk
of the policyowner and may increase or decrease in value.
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.
About The Canada Life Assurance
Company
Canada Life is a leading insurance, wealth management and
benefits provider focused on improving the financial, physical and
mental well-being of Canadians. For more than 175 years,
individuals, families and business owners across Canada have trusted us to provide sound
guidance and deliver on the promises we've made.
Today, we proudly serve more than 13 million customer
relationships from coast to coast to coast.
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on Facebook, Twitter, Instagram, YouTube and LinkedIn.
About Canada Life Investment
Management Ltd.
Canada Life Investment Management is an investment management
firm offering wealth management products and services for
individuals, families and business owners. The funds are
sub-advised by leading asset managers, providing access to
specialized investment expertise from around the world. CLIML is a
subsidiary of The Canada Life Assurance Company. Learn
more.
SOURCE The Canada Life Assurance Company