We've grown our Core and DB investment platforms with two Sprucegrove funds!

February 18, 2014

Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans. Sun Life Assurance Company of Canada purchases units of the funds listed below, which are established as segregated funds in accordance with the Insurance Companies Act (Canada).

As the leading provider of Group Retirement Services in Canada, we're continually working to enhance our Core investment platform with funds that meet the needs of our diverse plan sponsor and plan member population. We also continue to add funds to our DB platform to provide a full range of investment options for DB pension plans.

Today, we're pleased to welcome Sprucegrove Investment Management Ltd. as a new manager on both our Core and DB investment platforms. We're also excited to announce the addition of two new funds: The Sprucegrove International Pooled fund and the Sprucegrove Global Pooled fund.

About the new funds
These new funds increase the depth of options available within our International equity and Global equity asset classes and are available to accept assets immediately.

Both the Sprucegrove International Pooled fund and the Sprucegrove Global Pooled fund aim to:

  • maximize their respective long-term rate of return while preserving the investment capital by avoiding investment strategies that expose portfolio assets to excessive risk.
  • outperform their benchmarks over a full market cycle.
  • achieve an above-average ranking relative to similar mandates over a full market cycle.

The Funds emphasize long-term investment, focus on the selection of individual securities using a bottom-up, research driven approach, with a focus on quality and value. The Funds are suitable for medium-to-long-term investors comfortable with medium investment risk who seek long-term capital appreciation.

Fund summaries

Segregated Fund name   

Asset class


Sprucegrove International Pooled fund

International equity - Value


Sprucegrove Global Pooled fund

Global equity - Value

MSCI World Index

It is important to note that as a bottom-up manager, the Sprucegrove funds are different than the benchmarks with respect to their exposures and weightings of securities, sectors and countries.

About Sprucegrove
Sprucegrove Investment Management Ltd. provides discretionary investment management services in International, Global and U.S. equities to institutional clients based in Canada and the U.S.  Incorporated in 1993, the firm is headquartered in Toronto, Canada and represents over $26.1 billion in assets under management*.

Fuelled by a bottom-up and independent research driven approach on which they were founded, Sprucegrove aims to provide clients with above average investment performance and superior service over the long term. Since inception, Sprucegrove has remained fully independent and wholly-owned by their employees, and has remained consistent in terms of their people, philosophy and process.

MorningstarĀ® reporting and Investment documents
Investment Guidelines and MorningstarĀ® investment reporting are available on Sun Life Financial's Plan Sponsor Services website at www.sunlife.ca/sponsor. When logged into the website, under the Administration and reporting tab, select Group Retirement Services, then on the top navigation menu select Investments >> Governance reports.

Please contact your Sun Life Financial Group Retirement Services representative.

*Sprucegrove assets under management as of December 31, 2013.