New Standard Life fund options

Standard Life Canada is changing its Ideal Segregated Funds Signature 2.0 by adding the Global Absolute Return Strategies (GARS) Fund in its Ideal 75/75 Series.

Read: Three funds gone from Standard Life lineup

It’s also including the Payout Benefit Guarantee for nominee RIF contracts, and an F-Class option for fee-based advisors and their clients with all its series.

The Ideal 75/75 Series, which guarantees that 75% of the invested capital is protected at maturity/payout and death. It aims to deliver positive absolute returns over the medium and long term in all market conditions, and to offer lower volatility than a traditional long-term global equity portfolio, with no performance fee.

Read: Standard Life alters rating of 12 funds

Launched in 2006 in the UK, GARS has the equivalent of more than C$47 billion under management. The GARS Fund became available earlier this year in Canada, to institutional and retail investors. With its addition in the retail segregated funds offering, the GARS Fund will now be available to a wider market.

Two other funds are also being added to the Ideal 75/100 and Ideal 100/100 Series. The Ideal Diversified Income Fund and the Ideal U.S. Monthly Income Fund aim to offer asset and geographical diversification while helping clients reach their savings and retirement objectives.

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