The Empire Life Insurance Co. has realigned portfolio management responsibilities on a number of its funds, the Kingston, Ont.-based company said Monday.

The investment objectives of the funds remain the same.

The changes are as follows:

• Empire Dividend Growth Fund – Lieh Wang, lead manager plus the Empire Life investment team

• Empire Elite Equity Fund – Gaelen Morphet and Lieh Wang, Co-managers plus the Empire Life investment team

• Empire Asset Allocation Fund – Gaelen Morphet and Nessim Mansoor, co-managers plus the Empire Life Investment team

• Empire Global Dividend Growth Fund – Jane Halliday, lead manager and Amber Sinha, co-manager plus the Empire Life Investment team

• Empire Balanced Fund, Empire Global Balanced Fund, Empire Income Fund and all Portfolio Funds – the Empire Life investment team

“I am confident that the changes we’ve made will allow us to best capitalize on the collective strengths and expertise of every member of the Empire Life investment team,” says Gaelen Morphet, senior vice-president and chief investment officer. Ms. Morphet joined Empire Life in November 2009.

The Empire Life investment team manages more than $8.5 billion in assets on behalf of Empire Life (both segregated funds and general fund assets).

IE