Sun Life, CI expand SunWise offering

Sun Life Financial and CI Investments have added several new investment options to the SunWise Essential Series lineup, including mandates from Sun Life Global Investments and CI Investments.

“Creating secure income for their retirement years is a high priority for Canadians,” said Kevin Dougherty, president, Sun Life Financial Canada. “The additions to the SunWise Essential Series give more choices to investors building portfolios and looking for the right combinations of assets to help meet their financial needs and reach their lifestyle goals.”

Investors can choose from a wide variety of investment funds available in three classes with different guarantees: Income Class, Investment Class, and Estate Class.

Among the new options are four stand-alone seg funds and three segregated bundles, which are invested in underlying mutual funds managed by Sun Life Global Investments (Canada) Inc. These funds are primarily focused on non-Canadian assets.

Also available are three SunWise Essential Low Volatility Bundles, which combine a single equity fund with an income fund, and are rebalanced monthly to achieve a target 55% equity-45% income allocation.

Investors can also opt for the CI Select Income Advantage Managed Segregated Fund, which provides exposure to a diversified portfolio of government and corporate bonds, preferred shares, REITs, and high-yielding equities.

“Diversification and outstanding money management are essential parts of any retirement investment plan,” says Derek Green, president of CI Investments. “These additions increase the choices available in SunWise Essential Series to 85 funds and strengthen its award-winning manager lineup.”

More information about SunWise Essential Series and these changes can be found at www.sunwiseessentialseries.com.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.