Changes aim to streamline client and advisor experience
Sun Life Global Investments announced several key changes to its mutual fund lineup. The changes aim to streamline and improve the experience for clients and advisors.
The first key change will be to the Sun Life Infrastructure Fund, which is seeking unitholder approval to change its investment objective. The unitholder vote on the proposed investment change will take place in May, and, if approved, will transition the fund to a multi-manager structure with the objective of providing long-term capital appreciation. The fund will also be renamed Sun Life Real Assets Fund.
The Sun Life Infrastructure Fund will also re-designate certain series, with Series T5, Series T8, Series F5, and Series F8 units of the fund closed to new purchases effective February 22. Additionally, Series T5 and T8 units will be re-designated Series A units, and Series F5 and F8 units will be re-designated Series F units.
Sun Life also announced that the risk rating for Sun Life MFS Dividend Income Fund and Sun Life Dynamic Equity Income Fund will change from ‘medium’ to ‘low to medium.’ This change is the result of a review that was conducted as part of Sun Life Global Investments' ongoing fund review process. Lastly, Sun Life Trimark Canadian Class will be renamed Sun Life Invesco Canadian Class effective February 22.