New investments offer more diversity with options of lower volatility or
TORONTO, April 13 /CNW/ - Sun Life Financial and CI Investments today
announced the addition of 11 new investment options to the SunWise Essential Series lineup that offer the portfolio management expertise
of Sun Life Global Investments and CI Investments.
SunWise Essential Series is a comprehensive, customizable segregated fund
solution designed to effectively meet the investing, retirement, and
estate planning needs of Canadian investors. Investors can choose from
a wide variety of investment funds available in three classes with
different guarantees: Income Class, Investment Class, and Estate Class.
"Creating secure income for their retirement years is a high priority
for Canadians," says Kevin Dougherty, President, Sun Life Financial
Canada. "The additions to the SunWise Essential Series give more choices to investors building portfolios and
looking for the right combinations of assets to help meet their
financial needs and reach their lifestyle goals."
The following investment options have been added to the SunWise Essential Series platform:
Four stand-alone segregated funds and three segregated Bundles invested
in underlying mutual funds managed by Sun Life Global Investments (Canada) Inc. The funds focus on investments primarily outside of Canada and leverage
the global expertise of MFS Investment Management as sub-advisor. The
Bundles are rebalanced monthly to achieve a 70% equity-30% income
allocation, based on the actual securities held in the funds. Sun Life
Global Investments (Canada) Inc. is a Sun Life Financial investment
company offering a lineup of well-diversified funds and asset
management solutions from around the world.
Three new SunWise Essential Low Volatility Bundles combine a single equity fund with an income fund, and are rebalanced
monthly to achieve a target 55% equity-45% income allocation. Low
Volatility Bundles provide the potential for growth, diversification,
and capital appreciation, while limiting portfolio volatility. The
Bundles' target asset allocation is achieved by rebalancing based on
the actual securities held in the underlying funds, rather than at the
CI Select Income Advantage Managed Segregated Fund, which provides exposure to a diversified portfolio of government and
corporate bonds, as well as to other income-generating investment
strategies, including preferred shares, real estate investment trusts
(REITs), and high-yielding equities. With this addition, SunWise Essential Series investors have access to seven income fund options.
"Diversification and outstanding money management are essential parts of
any retirement investment plan," says Derek Green, President of CI
Investments. "These additions increase the choices available in SunWise Essential Series to 85 funds and strengthen its award-winning manager
Segregated fund contracts provide insurance benefits that include
potential creditor protection and powerful estate planning features.
The new additions to SunWise Essential Series build on the experience and expertise of Sun Life
Financial and CI Investments in providing segregated funds, with the
two firms having more than $12.5 billion in segregated funds under
More information about SunWise Essential Series and these changes can be found at www.sunwiseessentialseries.com or from your financial advisor. SunWise Essential Series policies are issued by Sun Life Assurance Company of
Canada and managed and administered by CI Investments. Sun Life
Assurance Company of Canada is a member of the Sun Life Financial group
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 and Bermuda. As of December 31, 2010, the Sun
Life Financial group of companies had total assets under management of
$464 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 CI Investments
CI Investments Inc. is one of Canada's largest investment management
companies. CI offers a broad range of investment products and services,
including an industry-leading selection of investment funds, and is on
the Web at www.ci.com. CI is a subsidiary of CI Financial Corp. (TSX: CIX), an independent,
Canadian-owned wealth management firm with $98.9 billion in assets as
of March 31, 2011.
SOURCE CI Investments Inc.
For further information:
| Paul Moser |
Media and Public Relations
Sun Life Financial Canada
519-888-3900 ext. 4041
| || || || || || || || || Murray Oxby |
CI Investments Inc.