Sun Life creates target return fund

By Andrew Rickard | June 08 2016 09:49AM

Sun Life Global Investments has partnered with Aviva Investors to launch its Multi-Strategy Target Return Fund. The fund aims to provide investors with an average annual gross return that is five per cent higher than the Bank of Canada’s overnight lending rate over a rolling three year period.

The fund, which was launched on June 2, invests using a range of strategies in order to take advantage of both rising and falling markets. Sun Life says the portfolio managers have the discretion to adapt to current events and turbulent markets so that they can ensure long-term capital growth.

Absolute returns

“Solutions that are designed to deliver absolute returns are top of mind for our clients as they look to participate in a variety of market environments,” says Sun Life Global Investments president Rick Headrick. “The multi-strategy approach aims to provide investors with a more stable investment experience and lower overall fund risk by managing the volatility that each strategy contributes to the portfolio.”

Sun Life says that the fund will be available through advisors who are qualified to sell commodity pools starting on June 6, 2016 and to pension plan sponsors on June 15, 2016. 

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