TORONTO, March 31, 2016 /CNW/ - Sun Life Global Investments (Canada)
Inc. announced today that it will be transitioning the Sun Life Beutel
Goodman Canadian Bond Fund to a multi-strategy approach. Following a
review of the strategy, Sun Life Global Investments has decided to
replace the current sub-advisor of the fund, Beutel Goodman & Company
Ltd., with the following portfolio sub-advisors and/or underlying
managers: BlackRock Asset Management; Connor, Clarke & Lunn Investment
Management; Phillips, Hager & North Investment Management and Franklin
Templeton Investments. This multi-strategy structure will be in effect
on or before May 2, 2016. The fund will be renamed Sun Life
Multi-Strategy Bond Fund.
"We expect the next five years will be a more challenging environment
for bonds, particularly because of the potential for rising interest
rates and exceptionally low yields. Our multi-strategy bond fund is
meant to provide investors with a more stable investment experience in
this type of environment by bringing together strong managers with
differing investment styles in one solution," said Sadiq S. Adatia,
Chief Investment Officer, Sun Life Global Investments. "This structure
provides flexibility to tactically shift between mandates to take
advantage of market inefficiencies and opportunities, delivering
greater value to investors."
The fundamental investment objective of the fund, which seeks to earn a
high rate of income by investing primarily in fixed-income securities
of Canadian government and corporate issuers, remains unchanged.
Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus
before investing. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated.
About Sun Life Global Investments (Canada) Inc.
Sun Life Global Investments (Canada) Inc. offers Canadians a diverse
lineup of mutual funds and innovative portfolio solutions, empowering
them to pursue their financial goals at every life stage. We bring
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 to deliver a truly global investment platform. Sun Life Global
Investments (Canada) Inc. manages more than $12 billion on behalf of
institutional and retail investors from coast to coast and is a member
of the Sun Life Financial group of companies. For more information,
visit www.sunlifeglobalinvestments.com or connect with us on Twitter @SLGI_Canada.
About Sun Life Financial
Sun Life Financial is a leading international financial services
organization providing a diverse range of protection and wealth
products and services to individuals and corporate customers. Sun Life
Financial has operations in a number of markets worldwide, including
Canada, the United States, the United Kingdom, Ireland, Hong Kong, the
Philippines, Japan, Indonesia, India, China, Australia, Singapore,
Vietnam, Malaysia and Bermuda. As of December 31, 2015, the Sun Life
Financial group of companies had total assets under management of $891
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.
Note to Editors: All figures in Canadian dollars.
SOURCE Sun Life Global Investments (Canada) Inc.
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