Plan sponsors may wish to consider if this investment news has implications for the investment options in their plans. Sun Life Assurance Company of Canada purchases units of the funds listed below. These funds are established as segregated funds in accordance with the Insurance Companies Act (Canada).
Sun Life Global Investments (“SLGI”) recently changed the global bond component of the Sun Life Multi-Strategy Bond Fund (the “Fund”). SLGI replaced the Templeton Global Bond Fund with the Sun Life Opportunistic Fixed Income Private Pool. Wellington Management Canada ULC, a subsidiary of Wellington Investment Advisors Holdings LLP (“Wellington”), sub-advises on this fund.
The target allocations of the Fund stay the same. They are:
- 36.0% PH&N Bond
- 27.5% CC&L Core Bond
- 24.0% Sun Life BlackRock Canadian Universe Bond (Index)
- 7.5% Sun Life Money Market
- 5.0% Sun Life Opportunistic Fixed Income Private Pool (changed from Templeton Global Bond)
About the Sun Life Opportunistic Fixed Income Private Pool (sub-advised by Wellington)
This fund’s investment goal is to seek long-term capital appreciation and income. It does this by investing in a diversified portfolio of global fixed income securities. This fund strives for a return of 5 to 6% a year over a full business cycle. This return is before deduction of management fees and expenses. This fund is also available on the core investment platform as a stand-alone option.
The GRS Investment Solutions team is comfortable with the change.
Questions?
Please contact your Sun Life Group Retirement Services representative.
