Sun Life Global Investments (Canada) Inc. Thursday announced that its in-house portfolio management team will take on increased responsibilities for five Sun Life Milestone funds. This change is expected to be effective on January 3, 2012.
The affected funds are: Sun Life Milestone 2020 Fund; Sun Life Milestone 2025 Fund; Sun Life Milestone 2030 Fund; Sun Life Milestone 2035 Fund; and Sun Life Milestone Global Equity Fund.
With this transition, Sun Life Global Investments will remain the portfolio manager for the funds and Sun Life Assurance Company of Canada will continue its role of sub-advisor.
Sun Life Global Investments will continue to have access to the expertise of its affiliates in managing the funds. Sun Capital Advisors LLC will no longer be a sub-advisor to the Funds.
Sun Life Global Investments has been overseeing Sun Capital Advisors management of the funds to date, and will continue to work closely with them.
There will be no change to the structure, objectives or strategies of the Funds and unitholders will not be affected by the transition.
The defined maturity date and guaranteed value at maturity of the Sun Life Milestone 2020 Fund, Sun Life Milestone 2025 Fund, Sun Life Milestone 2030 Fund and Sun Life Milestone 2035 Fund will not be affected by the transition.