Sun Life rolls out three new mutual funds

Sun Life Global Investments Inc. has added three new Canadian mutual funds to its lineup, each with a “core Canadian” holding with a global component aimed at countering home country bias.

“Many Canadians have a strong home country bias when it comes to investing, however, our market is highly concentrated in just three sectors: materials, financial services and energy. Diversification is key when managing risk to meet investment and retirement needs,” said Rick Headrick, president, Sun Life Global Investments (Canada) Inc.

The new set of funds includes a bond fund sub-advised by McLean Budden; it is the first fixed income fund offered by Sun Life Global Investments.

The other two funds are a Canadian equity fund and a Canadian balanced mutual mandate, sub-advised by BlackRock Asset Management Canada Limited and BlackRock Institutional Trust Company, N.A. The two funds are made up of iShares ETFs.

“The Sun Life BlackRock funds invest in many of the country’s strongest companies while offering sectors that are under-represented in the Canadian market—through iShares global sector ETFs—and are perfect for investors looking to reduce the risk of their Canadian equity exposure,” said Headrick. “For investors looking for fixed income solutions, the Sun Life McLean Budden Canadian Bond Fund provides access to a high quality core bond fund with some global exposure.”

Staff

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