Canada Life announced this week the launch of three new segregated that aim to invest in companies that demonstrate strong environmental, social and governance (ESG) practices.
They are: the Canada Life Sustainable Conservative Portfolio, the Canada Life Sustainable Balanced Portfolio, and the Canada Life Sustainable Growth Portfolio.
"We're excited to bolster our segregated fund shelf by introducing three portfolios that help Canadians combine purpose with performance," said Steve Fiorelli, Senior Vice-President, Wealth Solutions, Canada Life. "Environmental, societal and governance challenges are now more prominent than ever before. Not only are clients caring more about these issues, but they are also recognizing the investment risks posed by sustainability challenges. These solutions have a focus on identifying, measuring, and managing ESG attributes, which can help clients work towards their financial goals in a socially conscious way."
Canada Life says the three new offerings are constructed as a fund of fund solution. Each portfolio will be actively managed to consider both ESG attributes, as well as risk and return properties, says the insurer. The portfolios are sub-advised by J.P. Morgan Asset Management (JPMAM).
"In the current environment of low interest rates and market uncertainty, clients need investment strategies that allow them to achieve reasonable returns while managing risk," said Hugh Moncrieff, Executive Vice-President, Advisory Network and Industry Affairs, Canada Life. "Canada Life Sustainable Portfolios help to deliver several benefits to Canadians in one solution – the benefits of growth potential and better risk management that comes from a globally diversified multi-asset solution, the benefits of a responsible investing focus, and the added layer of security that comes with a segregated fund contract."
