CI Investments Inc. and Sun Life Financial Corp. today announced the launch of SunWise Elite Segregated Funds.

The program is managed by CI Investments and the policies are issued by Sun Life Assurance Co. of Canada.

“SunWise Elite carries on the tradition of flexibility and choice that makes SunWise one of the most popular segregated fund programs in Canada,” said Peter Anderson, CI president and CEO, in a release. “With 39 funds from leading mutual fund companies and three different principal protection options on all funds, investors and their advisors can develop an investment strategy and set their level of protection to create a solution tailored to their individual needs.”

Anderson noted that, “SunWise Elite is not only a strong investment program, but its segregated funds provide benefits for investors seeking the protection of guarantees and estate planning advantages.”

SunWise Elite is the only segregated fund program in Canada to provide a 100% maturity and 100% death benefit guarantee option on all available funds.

Other unique features of the program include allowing investors to selectively lock in their investment gains, and the optional earnings enhancement benefit, which provides up to an additional 40% of the investment gains to the beneficiaries.

The lineup of 39 funds includes seven strategic asset allocation portfolios from Portfolio Series. Among the funds’ portfolio managers are Sionna Investment Managers Inc., Legg Mason Capital Management and CI Investments’ Harbour Advisors and Signature Advisors. Funds from AIM Trimark Investments, Dynamic Mutual Funds, Fidelity Investments and Mackenzie Financial are also represented in the lineup.

With the launch of SunWise Elite, the existing SunWise contract has been closed to new investors, though existing investors may continue to contribute to their policies.