Montreal-based Standard Life Mutual Funds Ltd. has introduced Standard Life Diversified Income Fund and Standard Life Canadian Equity Focus Fund, both intended for conservative investors. Diversified Income Fund aims to invest 10% of assets in common and preferred equities, 20% in government bonds, 15% in real-return government bonds, 25% in income trusts, 5% in cash and derivatives and 25% in corporate bonds. “We wanted to take a conservative step back and drive slightly less income, but also less volatility,” says Jordy Chilcott, senior vice president of sales. Canadian Equity Fund invests in Canadian equity securities. Commissions are 0%-2% for front-end sales and 5% for back-end sales. Redemption fees begin at 6% in Year 1 and end at zero after Year 5. Trailing commissions are
1% front-end and 0.5% back-end. Management fees are 2% and minimum investment is $500. As well, Standard Life Canadian Dividend Growth Fund and Standard Life Monthly Income Fund are now available in F-class units for a 1% management fee.
Standard Life unveils new funds
- By: Lara Hertel
- August 4, 2005 June 1, 2019
- 10:34