Toronto-based Sun Life Global Investments (Canada) Inc. has launched two new low-volatility mutual funds. Sun Life MFS Low Volatility Global Equity Fund and Sun Life MFS Low Volatility International Equity Fund are actively managed funds that seek to outperform their benchmarks while mitigating market volatility. The funds invest directly in diversified portfolios of equities or indirectly through investments in mutual funds, including exchange-traded funds (ETFs). Sun Life MFS Low Volatility Global Equity Fund invests in securities from anywhere in the world; Sun Life MFS Low Volatility International Equity Fund focuses on securities from outside Canada and the U.S. Advisor commissions for front-end sales of both funds are 0%-5% for front-end sales; 5% for deferred sales; or 2.5% for the low-load option. Redemption fees begin at 5.5% in Year 1 and end at zero after Year 7 for the regular DSC schedule; or begin at 3% in Year 1 and end at zero after Year 3 of the low-load schedule. Trailing commissions are 1% for front-end sales; 0.5% for the first seven years of deferred sales, and 1% thereafter; and 0.5% for the first 3 years of the low-load sales, and 1% thereafter. Management fees are 2% for A-class units and 1% for F-class units. Minimum investment is $500.
(fcollie@investmentexecutive.com)
© 2016 Investment Executive. All rights reserved.