The two firms have made announcements to expand options for Canadians to reach their financial goals
Empire Life and Canada Life have announced changes to their investment fund line-ups.
Providing more investment management choice to its customers, Empire Life has introduced a new suite of six segregated funds and two new standalone funds.
The segregated funds, branded as the Empire Life Multi-Strategy GIFs, each provide exposure to ETFs and active investments from third-party managers. Consisting of three equity and three global balanced funds, they include:
- Empire Life Multi-Strategy Canadian Equity GIF
- Empire Life Multi-Strategy US Equity GIF
- Empire Life Multi-Strategy Global Equity GIF
- Empire Life Multi-Strategy Global Conservative Portfolio GIF
- Empire Life Multi-Strategy Global Balanced Portfolio GIF
- Empire Life Multi-Strategy Global Moderate Growth Portfolio GIF
With investment objectives ranging from capital protection to growth, each fund combines passive, smart beta, and actively managed strategies.
“[The Empire Life Multi-Strategy GIFs] are designed to complement our existing Empire Life Guaranteed Investment Funds which offer customers a value-oriented investment approach,” said Ian Hardacre, senior vice-president and chief investment officer.
The firm has also added two new standalone funds to the Empire Life Guaranteed Investment Funds contract. The Empire Life Global Dividend Growth GIF invests in stocks of primarily mid- and large-cap, high-quality dividend payers from around the world. Meanwhile, the Empire Life Short Term High Income GIF is a diversified fixed-income portfolio investing primarily in fixed-income securities while focusing on short-term, higher-yielding corporate bonds.
Canada Life, along with dealer firm Quadrus Investment Services, has also announced that the London Life Pathways mutual funds have been renamed as the Canada Life Pathways mutual funds, with no changes with respect to their objectives or managers.
“In addition, Pathways mutual funds will expand its offerings to include unbundled fee series (QF and QFW) and High Net Worth series (N),” the firm said in a statement.
Pending regulatory approval, the new series will be available on October 28 to provide a flexible fee-based model that will help advisors adapt to changing markets and evolving client needs.