Toronto-based Sun Life Global Investments (Canada) Inc. is adding two low-volatility mutual funds to its lineup.

Sun Life MFS Low Volatility Global Equity Fund and Sun Life MFS Low Volatility International Equity Fund are actively managed and look to outperform their benchmarks with less volatility.

“The current market volatility and any period of uncertainty can make investors anxious,” says Rick Headrick, president, Sun Life Global Investments, in a statement released on Friday. “Our new low-volatility funds are designed for people who would like a smoother ride during volatile periods. The funds aim to reduce market turbulence without sacrificing return potential.”

The funds’ holdings are also broadly diversified, which reduces the risk of sector concentration that can negatively impact the more traditional low-volatility options currently available in Canada, according to the firm’s announcement.