Toronto-based Empire Life Investments Inc. has launched Empire Life Emblem Diversified Income Portfolio, part of the Emblem Portfolios program, which targets a range of risk/return profiles. The new portfolio is designed for conservative investors seeking predictable and diversified income by offering access to diversified sources of income-producing securities, including government, corporate and high-yield bonds, as well as dividend-paying equities. In addition, the fund provides unitholders with a 4% annual distribution, paid monthly. An investor holding the Empire Life Emblem Diversified Income Portfolio for at least 10 consecutive years is eligible to receive a distribution equal to 5% of the annual management fee. Advisor commissions are 0%-5% for front-end sales, 5% for deferred sales or 2.5% for the low-load option. Redemption fees begin at 6% in Year 1 and end at zero after Year 6 for the regular DSC schedule; or begin at 3% in Year 1 and end at zero after Year 3 of the low-load schedule. Trailing commissions are 0.75% for front-end sales; 0.375% for the first six years of deferred sales, and 0.75% thereafter; or 0.375% for the first three years of low-load sales, and 0.75% thereafter. Management fees are 1.6% for A-class units and 0.75% for F-class units. Minimum investment is $2,500.
(cohara@investmentexecutive.com).
© 2014 Investment Executive. All rights reserved.