October 22, 2018

Revised Statement of Investment Policies and Guidelines for Greystone Balanced Fund

Greystone Managed Investments Inc. ("Greystone") announced that the strategic asset mix within the Greystone Balanced Fund changed effective October 1, 2018.

Allocations to U.S. and Non-North American equities will both increase from 18% to 20%, while the allocation to Canadian equities will decrease from 24% to 20%. The overall equity allocation will remain at 60%.

Additionally, Greystone is changing the minimum and maximum permitted allocations to Canadian, U.S. and Non-North American equities so that all three are the same. The three equity asset classes will each have a minimum permitted allocation of 5% of total fund assets and a maximum permitted allocation of 35% of total fund assets.

There has been a trend among fund managers to reduce the amount of home country bias (i.e. Canadian equities) in their balanced funds. We are supportive of this trend since it increases the diversification within equities. 

A copy of the revised SIP&G is 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.