Sun Life Global Investments partners with Dynamic Funds and Sentry Investments
to bring income funds to investors
New series of income funds gives investors more choices for earning income
TORONTO, Nov. 15, 2012 /CNW/ - Sun Life Global Investments announced today
that it will launch a new suite of income funds for Canadian investors that
are slated to launch in January 2013. Included in this new offering will be
the new Sun Life Granite Managed Income Portfolios.
Pending receipt of all regulatory approvals, these new income funds will
leverage the expertise of many investment managers with proven track records,
including those from Sun Life Global Investments' newest partners, Dynamic
Funds and Sentry Investments. The partnerships and new funds are Sun Life
Global Investments' latest move to grow its business in Canada, since
launching two years ago.
"We are thrilled to be partnering with two first class managers to expand the
fund line-up that we've been building over the past two years," said Sadiq S.
Adatia, Chief Investment Officer, Sun Life Global Investments. "Through these
partnerships and these income funds, we can help investors generate money for
life and give them more choices for earning income leading up to and during
By investing in income funds, investors can rely on a steady amount of income
to help them meet their lifestyle needs, with the goal of maintaining the nest
egg that they have built up over their working lives.
"Baby boomers approaching retirement have had an increasing desire for income
as they move from the asset accumulation phase into the asset de-accumulation
phase of their lives," adds Rick Headrick, President, Sun Life Global
Investments. "Income funds help investors in the de-accumulation phase because
the distributions provide investors with money in their pocket to help pay for
their needs and lifestyle."
Since launching October 2010, Sun Life Global Investments has grown its
investment platform to include 60 funds and oversees $5.7 billion in client
assets under management. As of September 30, 2012, 10 of 11 of the original
long-term funds were above their respective median, with eight of 11 funds
ranked in the top quartile over a two year period.* In addition, Sun Life
Global Investments won its first Lipper Award** in 2012. The expansion of Sun
Life Global Investments builds on Sun Life Financial's focus to grow its
leadership in wealth management in Canada, as well as broaden its asset
management business around the world.
About Sun Life Global Investments
Sun Life Global Investments (Canada) Inc. brings together the strength of one
of Canada's most trusted names in financial services with some of the best
asset managers from around the world. With a focus on risk management, our
rigorous selection and monitoring process provides access to leading asset
managers who use insight and innovation to manage high quality investment
solutions for Canadian investors. For more information, visit:
About Sun Life Financial
Sun Life Financial is a leading international financial services organization
providing a diverse range of protection and wealth accumulation products and
services to individuals and corporate customers. Chartered in 1865, Sun Life
Financial and its partners today have operations in key markets worldwide,
including Canada, the United States, the United Kingdom, Ireland, Hong Kong,
the Philippines, Japan, Indonesia, India, China, Vietnam and Bermuda. As of
September 30, 2012, the Sun Life Financial group of companies had total AUM of
$515 billion. For more information please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and
Philippine (PSE) stock exchanges under the ticker symbol SLF.
About Dynamic Funds
Dynamic Funds is a division of GCIC Ltd., which is a subsidiary of
DundeeWealth Inc. GCIC Ltd. offers a wide range of wealth management solutions
through financial advisors. These include the mutual funds and hedge funds of
Dynamic Funds and the portfolio solutions of the Marquis Investment Program.
DundeeWealth Inc. is a wholly-owned subsidiary of Scotiabank.
About Sentry Investments
Sentry Investments is a Canadian asset management company with over $8 billion
in assets under management on behalf of Canadian investors. Sentry offers a
diverse range of investment products, including mutual funds and flow-through
limited partnerships. Sentry was recognized as Canada's Best Equity Funds
Group at the 2011 and 2012 Lipper Fund Awards**, and is a one of only three
firms to receive four consecutive Brendan Wood International TopGun Asset
Management Team Awards (2009 to 2012).
*Quartile rankings are determined by Morningstar Research Inc. The quartile
measure shows how well a fund has performed compared to all other funds in its
Morningstar category peer group. Quartile ranking is as of October 2012 and is
subject to change every month.
** Lipper and Lipper corporate marks are proprietary trademarks of Lipper, a
Thomson Reuters Company. © 2011 Thomson Reuters.
A preliminary prospectus containing important information relating to the
proposed new funds has been filed with securities regulatory authorities in
each of the provinces and territories of Canada. The preliminary prospectus is
still subject to completion or amendment. Copies of the preliminary prospectus
may be obtained from Neil Blue, General Counsel of Sun Life Global Investments
(Canada) Inc. by calling 416-979-6495 or by downloading a copy from
www.sedar.com. There will not be any sale or any acceptance of any offer to
buy units of the funds until the receipt for a final prospectus has been
All figures in Canadian dollars, unless otherwise noted.
Media relations contacts
Olivia Glauberzon Media and Public Relations Sun Life Financial (416) 408-7852
SOURCE: Sun Life Financial Inc.
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