Revised benchmark for the Trimark Fund
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 fund listed below, which is established as a segregated fund in accordance with the Insurance Companies Act (Canada).
Effective October 1, 2016, Invesco revised its Statement of Investment Policies and Procedures (SIP&P) for the Trimark Fund (the Fund), available on Sun Life Financial's Core investment platform, to reflect a change to the Fund's benchmark.
|New benchmark||Previous benchmark|
|MSCI ACWI (All Country World Index) (Net) (CAD)||MSCI World (Net) Index (CAD)|
Invesco changed the benchmark to better reflect the Fund's exposure to emerging markets. While the new benchmark has exposure to emerging markets (10.5% by market capitalization as of June 30, 2016)1, the previous benchmark did not.
There are no changes to the investment objectives, approaches and portfolio management of the aforementioned fund as a result of this announcement.
A copy of the revised SIP&P is available on Sun Life Financial's plan sponsor services website at sunlife.ca/sponsor. When logged into the website, under the Administration and reporting tab, plan sponsors should select Group Retirement Services, then on the top navigation menu select Investments>> Governance reports.
Please contact your Sun Life Financial Group Retirement Services representative.