Sun Life Global Investments partners with Dynamic Funds and Sentry Investments to bring income funds to investors

Nov 15, 2012, 08:35 ET from Sun Life Financial Inc.

New series of income funds gives investors more choices for earning income

TORONTO, Nov. 15, 2012 /CNW/ - Sun Life Global Investments announced today that it will launch a new suite of income funds for Canadian investors that are slated to launch in January 2013. Included in this new offering will be the new Sun Life Granite Managed Income Portfolios.

Pending receipt of all regulatory approvals, these new income funds will leverage the expertise of many investment managers with proven track records, including those from Sun Life Global Investments' newest partners, Dynamic Funds and Sentry Investments. The partnerships and new funds are Sun Life Global Investments' latest move to grow its business in Canada, since launching two years ago.

"We are thrilled to be partnering with two first class managers to expand the fund line-up that we've been building over the past two years," said Sadiq S. Adatia, Chief Investment Officer, Sun Life Global Investments. "Through these partnerships and these income funds, we can help investors generate money for life and give them more choices for earning income leading up to and during their retirement."

By investing in income funds, investors can rely on a steady amount of income to help them meet their lifestyle needs, with the goal of maintaining the nest egg that they have built up over their working lives.

"Baby boomers approaching retirement have had an increasing desire for income as they move from the asset accumulation phase into the asset de-accumulation phase of their lives," adds Rick Headrick, President, Sun Life Global Investments. "Income funds help investors in the de-accumulation phase because the distributions provide investors with money in their pocket to help pay for their needs and lifestyle."

Since launching October 2010, Sun Life Global Investments has grown its investment platform to include 60 funds and oversees $5.7 billion in client assets under management. As of September 30, 2012, 10 of 11 of the original long-term funds were above their respective median, with eight of 11 funds ranked in the top quartile over a two year period.*  In addition, Sun Life Global Investments won its first Lipper Award** in 2012. The expansion of Sun Life Global Investments builds on Sun Life Financial's focus to grow its leadership in wealth management in Canada, as well as broaden its asset management business around the world.

About Sun Life Global Investments
Sun Life Global Investments (Canada) Inc. brings together the strength of one of Canada's most trusted names in financial services with some of the best asset managers from around the world. With a focus on risk management, our rigorous selection and monitoring process provides access to leading asset managers who use insight and innovation to manage high quality investment solutions for Canadian investors. For more information, visit:

About Sun Life Financial
Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Vietnam and Bermuda. As of September 30, 2012, the Sun Life Financial group of companies had total AUM of $515 billion. For more information please visit

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

About Dynamic Funds
Dynamic Funds is a division of GCIC Ltd., which is a subsidiary of DundeeWealth Inc. GCIC Ltd. offers a wide range of wealth management solutions through financial advisors. These include the mutual funds and hedge funds of Dynamic Funds and the portfolio solutions of the Marquis Investment Program. DundeeWealth Inc. is a wholly-owned subsidiary of Scotiabank.

About Sentry Investments
Sentry Investments is a Canadian asset management company with over $8 billion in assets under management on behalf of Canadian investors. Sentry offers a diverse range of investment products, including mutual funds and flow-through limited partnerships. Sentry was recognized as Canada's Best Equity Funds Group at the 2011 and 2012 Lipper Fund Awards**, and is a one of only three firms to receive four consecutive Brendan Wood International TopGun Asset Management Team Awards (2009 to 2012).

*Quartile rankings are determined by Morningstar Research Inc. The quartile measure shows how well a fund has performed compared to all other funds in its Morningstar category peer group. Quartile ranking is as of October 2012 and is subject to change every month.

** Lipper and Lipper corporate marks are proprietary trademarks of Lipper, a Thomson Reuters Company. © 2011 Thomson Reuters.

A preliminary prospectus containing important information relating to the proposed new funds has been filed with securities regulatory authorities in each of the provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from Neil Blue, General Counsel of Sun Life Global Investments (Canada) Inc. by calling 416-979-6495 or by downloading a copy from There will not be any sale or any acceptance of any offer to buy units of the funds until the receipt for a final prospectus has been issued.

All figures in Canadian dollars, unless otherwise noted.

SOURCE Sun Life Financial Inc.