Empire Life launched on Oct. 23 a new suite of six segregated funds and two more standalone fund options.
The new suite of funds – Empire Life Multi-Strategy GIFs – offers “exposure to exchange traded funds (ETFs) and actively managed investments from third-party managers within one segregated fund solution,” says the company.
The new suite of funds includes the following three equity and three global balanced funds:
- Empire Life Multi-Strategy Canadian Equity GIF
- Empire Life Multi-Strategy US Equity GIF
- Empire Life Multi-Strategy Global Equity GIF
- Empire Life Multi-Strategy Global Conservative Portfolio GIF
- Empire Life Multi-Strategy Global Balanced Portfolio GIF
- Empire Life Multi-Strategy Global Moderate Growth Portfolio GIF
Investment objectives range from capital protection to growth and each fund combines passive, smart beta, and actively managed strategies, says Empire Life. Dave Paterson, CFA, is the portfolio manager of the Empire Life Multi-Strategy GIFs.
"We are excited to offer investors more choice to help them achieve their financial goals," says Ian Hardacre, Senior Vice-President and Chief Investment Officer. "Through passive and active strategies, the Empire Life Multi-Strategy GIFs provide exposure across investment styles, geographies, and industry sectors to increase diversification. They are designed to complement our existing Empire Life Guaranteed Investment Funds which offer customers a value-oriented investment approach."
Empire Life’s two new standalone funds options are the Empire Life Global Dividend Growth GIF, which has been reopened for GIF clients, and the Empire Life Short Term High Income GIF.
"These two new funds give customers more choice and opportunity to diversify their holdings within the fixed income and global dividend areas, while complementing their current investments," says Ian Hardacre.
