Transamerica Life Canada on Tuesday announced plans to enhance its segregated fund family with five new guaranteed investment funds. The new funds will be introduced to the Transamerica Investment Portfolio in July, subject to regulatory approval.

The new Transamerica imaxx GIFs blend international investment expertise exclusive to AEGON Fund Management’s imaxxFunds with the added protection of guarantees from Transamerica Life Canada.

“These new segregated funds leverage the innovation, discipline and expertise behind imaxxFunds. The combination of investment guarantees and exclusive money management provides an appealing alternative for investors who, although nervous about the markets, understand the long-term benefits of sensible investing,” said Geraldo Ferreira, vice president marketing and product development.

Mark Jackson, chief investment officer at AEGON Capital Management, together with Glenn Paradis, the portfolio manager for the new Transamerica imaxx Canadian Fixed Pay GIF, noted that investors are seeking a more balanced combination of value, growth and security. “While investor sensitivity will likely persist in the mid-term, investors and their advisors continue to turn to alternative investments like guaranteed investment funds, which combine insurance security and exceptional money management talent,” said Jackson.

The new Transamerica imaxx GIFs are supported by two guarantee options, allowing policyholders to protect their investments from uncertainty and short-term volatility.

The money managers supporting the underlying fund within the new Transamerica imaxx GIFs are Foyston, Gordon & Payne Inc., Bear Stearns Asset Management Inc., Walter Scott & Partners Ltd, Great Companies LLC and AEGON Capital Management.