Sun Life Global Investments (Canada) Inc. has launched a new energy fund for retail investors, the Toronto-based company announced on Monday.
Sun Life Dynamic Energy Fund gives investors access to a portfolio of energy-focused securities in North America.
“Despite the short term dip, we believe there are longer term opportunities in the energy sector for investors, and Sun Life Dynamic Energy Fund will focus on some of those opportunities,” says Sadiq Adatia, chief investment officer at Sun Life Global Investments, in a statement.
In addition to the launch of the new energy fund, the company also introduced on Monday Series EF for 29 of their retail funds.
Series EF securities are only available through the Sun Life Global Investments Private Client program to investors who have a fee-based account with their dealer, and whose dealer has signed an agreement with Sun Life Global Investments.
Instead of paying sales charges, investors buying Series EF securities pay fees to their dealer for investment advice and other services.
Sun Life Global Investments can charge a lower management fee for Series EF securities than Series E since it does not pay any commissions to dealers on Series EF, the company says.
Series EF also benefits from the householding feature of the company’s Private Client Program.
Click here for a complete list of which funds are available in Series EF.