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Canada Life Asset Management Cuts Bond Fund Fees by up to 40%

Canada Life Asset Management (CLAM) has reduced the annual management charges (AMCs) of its active LF Canlife bond fund range.

The reductions take effect on 25th June 2021 and apply to the accumulation and income C share classes of the LF Canlife fixed income funds.

They include a 33% cut in the AMC of CLAM’s flagship LF Canlife Global Macro Bond Fund, managed by David Arnaud and Kshitij Sinha. The fund is increasingly popular with institutions and multi-asset portfolio managers seeking global, unhedged fixed income exposure across developed markets.

The AMC for the LF Canlife Short Duration Corporate Bond Fund, managed by Mike Count and Steve Matthews, has been reduced by 40% to 0.30bps. In recent months the fund has benefitted from inflows as investors seek ways to navigate potential rises in yields and interest rates.

David Marchant, Chief Investment Officer of Canada Life Limited and Managing Director of Canada Life Asset Management Limited, commented:

“These changes ensure we continue to deliver excellent value for money to customers. Canada Life Asset Management has an enormous amount of expertise to offer in managing global and single-market fixed income exposures and I am delighted that we can now provide investors in the LF Canlife funds with a compelling offering at really competitive rates.”

 

 

C share classes AMC with effect from 25/06/2021 (previous AMC in brackets)

LF Canlife Global Macro Bond Fund

0.50%             (0.75%)

LF Canlife Short Duration Corporate Bond Fund

0.30%             (0.50%)

LF Canlife Corporate Bond Fund

0.40%              (0.50%)

LF Canlife UK Government Bond Fund

0.30%              (0.50%)

 

ENDS

Notes to Editors:

About Canada Life Asset Management

At Canada Life Asset Management we manage £40.9bn* in fixed income, equities, UK property and multi-asset solutions.

Each of our offerings has been built for a purpose, whether it sits at the core of a portfolio to provide long-term growth or offers access to a specific global market. Our 40-year + history as asset managers gives us the expertise necessary to provide the highest quality multi-asset and risk-profiled solutions as well as attractive equity, fixed income and alternative funds, and real estate finance.  

For more information visit www.canadalifeassetmanagement.co.uk

*As at 31/12/2020

 

The information contained in this document is provided for use by professional advisers is not for onward distribution to, or to be relied upon by, private investors.

The views expressed in this document are those of the fund manager at the time of publication and should not be taken as advice, a forecast or recommendation to buy or sell securities. These views are subject to change at any time without notice. No guarantee, warranty, or representation (express or implied), is given as to the document’s accuracy or completeness. 

This document is issued for information only by Canada Life Asset Management. This document does not constitute a direct offer to anymore, or a solicitation by anyone, to subscribe for shares or buy units in the funds. Subscription for shares and buying units in the funds must only be made on the basis of the latest Prospectus and the Key Investor Information Document (KIID) available at www.canadalifeassetmanagement.co.uk

Canada Life Asset Management is the brand for investment management activities undertaken by Canada Life Asset Management Limited, Canada Life Limited and Canada Life European Real Estate Limited. Canada Life Asset Management Limited (no. 03846821), Canada Life Limited (no.00973271) and Canada Life European Real Estate Limited (no. 03846823) are all registered in England and the registered office for all three entities is Canada Life Place, Potters Bar, Hertfordshire EN6 5BA. Canada Life Asset Management Limited is authorised and regulated by the Financial Conduct Authority. Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Please note that while Canada Life Asset Management and Canada Life Limited are regulated as stated above, property management and the provision of commercial mortgages are not regulated activities.