Canada Life has added nine segregated funds to its product shelf, the Winnipeg-based firm stated in a release on Monday.
The new funds capitalize on global exposure.
“Working with our advisors, we’ve identified the need for more global investment options for our customers,” said Hugh Moncrieff, executive vice-president of advisory network and industry affairs at Canada Life, in the release.
Last fall, Canada Life moved to one shelf of segregated funds as its parent company, Great-West Lifeco Inc., consolidated its three life insurance companies — Great-West Life Assurance Co., London Life Insurance Co. and the Canada Life Assurance Co. — under the Canada Life brand.
The new funds will complement the shelf by helping customers “increase their exposure to global funds and further diversify their portfolios to meet their investment needs,” said Paul Orlander, executive vice-president of individual customer at Canada Life, in the release.
The new funds are shown in the table below.
|
Fund |
Portfolio manager |
Investment category |
|
Global Founders (Beutel Goodman) |
Beutel Goodman |
Global equity |
|
Global Value Balanced (Beutel Goodman) |
Beutel Goodman |
Global equity balanced |
|
Global Equity (Capital Group) |
Capital Group |
Global equity |
|
Canada Life Fidelity Global Balanced Portfolio |
Fidelity Investments |
Global neutral balanced |
|
Canada Life Fidelity Global Income Portfolio |
Fidelity Investments |
Global fixed income balanced |
|
Global Growth Balanced (Mackenzie) |
Mackenzie Investments |
Global equity balanced |
|
Global Growth Balanced (T. Rowe Price) |
T. Rowe Price |
Global equity balanced |
|
Global Growth Equity (T. Rowe Price) |
T. Rowe Price |
Global equity |
|
Global Multi-Sector Bond (T. Rowe Price) |
T. Rowe Price |
Global fixed income |