TORONTO, Oct. 31, 2017 /CNW/ - Sun Life Global Investments (Canada) Inc. announced today that it is terminating Sentry Investments Inc. ("Sentry") as the sub-advisor to Sun Life Sentry Infrastructure Fund ("the Fund"), effective as of the end of business October 31, 2017. The decision is due to unexpected portfolio manager changes at Sentry following the firm's acquisition by CI Financial Corp. ("CI"). Accordingly, effective November 1, 2017, the Fund will be renamed Sun Life Infrastructure Fund. The Fund's investment objective and investment strategies remain unchanged.
Sun Life Global Investments has appointed State Street Global Markets Canada Inc. ("State Street") as the interim sub-advisor to the Fund, effective as of the end of business October 31, 2017. State Street will sub-advise the Fund while Sun Life Global Investments seeks an appropriate replacement for Sentry. Sun Life Global Investments will announce the new sub-advisor as soon as a selection is made.
As with any acquisition scenario that involves our partners, Sun Life Global Investments is monitoring the integration progress between CI and Sentry for any further changes that may be required.
About Sun Life Global Investments (Canada) Inc.
Sun Life Global Investments is a subsidiary of Sun Life Financial Inc. It 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 manages more than $18 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 insurance, wealth and asset management solutions to individuals and corporate Clients. 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 June 30, 2017, Sun Life Financial had total assets under management of $944 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.
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SOURCE Sun Life Global Investments (Canada) Inc.