Canada Life launched Nov. 4 its new Canada Life Risk-Managed Portfolios.

They new portfolios are: the Canada Life Risk-Managed Conservative Income Portfolio; the Canada Life Risk-Managed Balanced Portfolio and the Canada Life Risk-Managed Growth Portfolio.

The portfolios incorporate a mix of underlying funds and differentiated investment strategies aimed at achieving the investor's outcomes by balancing risk insulation, growth and income, says Canada Life.

"For many Canadians, investing can be an emotional experience – they're putting their hard-earned money in investments to meet their financial goals. Pandemics, economic and political events can cause markets to be volatile, which can lead to worry or, fear, with some clients deciding to withdraw their money," said Paul Orlander, Executive Vice-President, Individual Customer, Canada Life. "The Canada Life Risk-Managed Portfolios can help take some of the unpredictability out of investing. They're designed with today's market in mind, allowing Canadians to still participate in the markets through periods of market volatility, while protecting and growing Canadians' hard-earned savings to help them achieve their financial goals."

The Canada Life Risk-Managed Portfolios will be managed by Irish Life Investment Managers Limited (ILIM), which has been part of the Great-West Lifeco Inc. group of companies since 2013.