Segregated funds
|
Shelf |
Current fund name |
Current portfolio management team |
Current status |
New fund name |
New portfolio management team |
New status |
|---|---|---|---|---|---|---|
|
CI Balanced Income |
PSG |
Soft cap |
Balanced Income |
PSG |
Soft cap |
|
CI Balanced Income |
PSG |
Active |
Balanced Income |
PSG |
Soft cap |
CL = Canada Life LL = London Life GWL = Great-West Life
Note: On Jan 1, 2020, the segregated funds originally with London Life and Great-West Life were closed to new policies.
Canada Life strives to deliver the best possible outcomes for you and your clients through continuous improvements to our fund shelf. Given the materiality and broad scope of changes to CI’s overall business model, portfolio management teams and leadership, Canada Life is discontinuing the sub-advisory relationship with CI.
As a result of this decision, CI will no longer manage any of the underlying funds for the CI Balanced Income Fund. Going forward, the portfolio will be a fully passive solution using Mackenzie ETFs as the underlying building blocks to give you and your clients a solution that continues to meet the fund’s investment objective.
While the underlying funds within the portfolio are changing, the asset class exposures and weights will remain substantially similar. Portfolio Solutions Group (PSG) will continue to remain as sub-advisor of the fund overseeing this strategic asset mix and selection of underlying funds.
Segregated Funds
- Segregated fund change effective date: on or about May 27, 2022
- Client statements: on or about June 30, 2022
Canada Life strives to deliver the best possible outcomes for you and your clients through continuous improvements to our fund shelf. Given the materiality and broad scope of changes to CI’s overall business model, portfolio management teams and leadership, Canada Life is discontinuing the sub-advisory relationship with CI.
As a result of this decision, CI will no longer manage any of the underlying funds for the CI Balanced Income Fund. Going forward, the portfolio will be a fully passive solution using Mackenzie ETFs as the underlying building blocks to give you and your clients a solution that continues to meet the fund’s investment objective.
While the underlying funds within the portfolio are changing, the asset class exposures and weights will remain substantially similar. Portfolio Solutions Group (PSG) will continue to remain as sub-advisor of the fund overseeing this strategic asset mix and selection of underlying funds.
Check out the most frequently asked questionsOpens in a new window about the changes to Canada Life funds sub-advised by CI.
Canada Life strives to deliver the best possible outcomes for you and your clients through continuous improvements to our fund shelf. Given the materiality and broad scope of changes to CI’s overall business model, portfolio management teams and leadership, Canada Life is discontinuing the sub-advisory relationship with CI.
As a result of this decision, CI will no longer manage any of the underlying funds for the CI Balanced Income Fund. Going forward, the portfolio will be a fully passive solution using Mackenzie ETFs as the underlying building blocks to give you and your clients a solution that continues to meet the fund’s investment objective.
While the underlying funds within the portfolio are changing, the asset class exposures and weights will remain substantially similar. Portfolio Solutions Group (PSG) will continue to remain as sub-advisor of the fund overseeing this strategic asset mix and selection of underlying funds.
Canada Life strives to deliver the best possible outcomes for you and your clients through continuous improvements to our fund shelf. Given the materiality and broad scope of changes to CI’s overall business model, portfolio management teams and leadership, Canada Life is discontinuing the sub-advisory relationship with CI.
As a result of this decision, CI will no longer manage any of the underlying funds for the CI Balanced Income Fund. Going forward, the portfolio will be a fully passive solution using Mackenzie ETFs as the underlying building blocks to give you and your clients a solution that continues to meet the fund’s investment objective.
While the underlying funds within the portfolio are changing, the asset class exposures and weights will remain substantially similar. Portfolio Solutions Group (PSG) will continue to remain as sub-advisor of the fund overseeing this strategic asset mix and selection of underlying funds.
Advisor Solutions advisors
Please contact your aligned client service specialist.
Advanced Advisor Practices, MGA and National Account Advisors
Please email wealthhocommunication@canadalife.comOpens in a new window and include your:
- Name and Advisor code
- Indicate that you are seeking your clients who hold the CI Balanced Income fund.
- It will take approximately 3 to 5 business days to receive a client impact list
Please note:
- For current market value information and client details, please login to the appropriate systems available to you. Client impact lists are created at a point in time and are intended to provide you with key client information only (for example, client name, account type, etc.).
- If you have questions about why Canada Life is making these changes and what they mean for you and your clients, please reach out to your Canada Life wealth wholesaler. This mailbox is only equipped to reply to queries for client impact lists.
Canada Life strives to deliver the best possible outcomes for you and your clients through continuous improvements to our fund shelf. Given the materiality and broad scope of changes to CI’s overall business model, portfolio management teams and leadership, Canada Life is discontinuing the sub-advisory relationship with CI.
As a result of this decision, CI will no longer manage any of the underlying funds for the CI Balanced Income Fund. Going forward, the portfolio will be a fully passive solution using Mackenzie ETFs as the underlying building blocks to give you and your clients a solution that continues to meet the fund’s investment objective.
While the underlying funds within the portfolio are changing, the asset class exposures and weights will remain substantially similar. Portfolio Solutions Group (PSG) will continue to remain as sub-advisor of the fund overseeing this strategic asset mix and selection of underlying funds.
If you have questions about why Canada Life is making these changes and what they mean for you and your clients, please reach out to your Canada Life wealth wholesaler.
Canada Life strives to deliver the best possible outcomes for you and your clients through continuous improvements to our fund shelf. Given the materiality and broad scope of changes to CI’s overall business model, portfolio management teams and leadership, Canada Life is discontinuing the sub-advisory relationship with CI.
As a result of this decision, CI will no longer manage any of the underlying funds for the CI Balanced Income Fund. Going forward, the portfolio will be a fully passive solution using Mackenzie ETFs as the underlying building blocks to give you and your clients a solution that continues to meet the fund’s investment objective.
While the underlying funds within the portfolio are changing, the asset class exposures and weights will remain substantially similar. Portfolio Solutions Group (PSG) will continue to remain as sub-advisor of the fund overseeing this strategic asset mix and selection of underlying funds.