TORONTO, Aug. 5, 2016 /CNW/ - Sun Life Global Investments is enhancing its currency hedged series offering with the launch of Series FH, OH and IH on Sun Life MFS U.S. Growth Fund and Sun Life MFS U.S. Value Fund. Available today, the hedged series will provide flexibility for Canadian investors in the named U.S. Equity Funds to invest in the U.S. equity market while hedging their exposure to U.S. currency.
Protecting clients against adverse currency movements is an important component to the successful management of their portfolios. Sun Life Global Investments' currency hedged series can help mitigate currency volatility caused by changes in the CAD / U.S. exchange rate.
"Over recent years the Canadian dollar has been falling against the U.S. dollar and Canadian investors have benefited from being unhedged," said Sadiq S. Adatia, Chief Investment Officer, Sun Life Global Investments. "However, with the gains the Canadian dollar has made recently, a hedging strategy may become a more attractive approach for investors."
The new hedged options, FH, OH and IH will be added to the current AH option and accompany each of the Fund's non-hedged series counterparts.
For more information, visit www.sunlifeglobalinvestments.com.
About Sun Life Global Investments (Canada) Inc.
Sun Life Global Investments 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 $13 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 March 31, 2016, the Sun Life Financial group of companies had total assets under management of $861 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.
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.
SOURCE Sun Life Global Investments (Canada) Inc.
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