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Canada Life Investment reduces charges on Portfolio Funds

Canada Life Investments has reduced the annual management charge across its CF Canlife Portfolio Funds range from 0.675% to 0.45% 1. This will result in the Ongoing Charge Figures reducing to a range from 0.81% to 1.03% 1.

Managed by David Marchant, the CF Canlife Portfolio Funds are a suite of five globally diversified funds of funds, drawing on Canada Life Investments’ in-house active management expertise across global equity, global fixed income and UK property markets. Each Portfolio Fund is aligned to a risk profile assigned by Dynamic Planner, ranging from three to seven.

The CF Canlife Portfolio Fund range recently marked its three-year anniversary on 28 November 2016, with each strategy consistently delivering solid returns through challenging environments 2.

David Marchant, CIO of Canada Life Limited, Managing Director of Canada Life Asset Management Limited and Manager of the CF Canlife Portfolio Funds, said:

“Canada Life Investments’ Portfolio Funds offer a simple, cost-effective way of meeting the long-term needs of investors. Our diversified range of five multi-asset portfolios is designed to provide peace of mind and ongoing suitability to investors.

By strictly adhering to Dynamic Planner’s asset allocation and reviewing daily and rebalancing as necessary, our risk target managed Portfolio Funds don’t stray from their risk profile; they remain aligned to the clients risk appetite from the time of making their initial investment and at each subsequent review.

I’m delighted that we can now offer these investment solutions at a reduced cost to further support the needs of our investors.”

1 All fund details relate to C share class. For further information on other share classes, please visit our website at http://www.canadalifeinvestments.com 

2 Source: Morningstar, bid to bid net income re-invested for C share class to 28/11/2016.

Fund 1 Year % Growth 2 Years % Growth 3 Years % Growth
CF CANLIFE PORTFOLIO III 8.28 9.81 17.15
CF CANLIFE PORTFOLIO IV 9.05 12.87 20.47
CF CANLIFE PORTFOLIO V 10.38 13.32 21.39
CF CANLIFE PORTFOLIO VI 11.55 12.94 21.51
CF CANLIFE PORTFOLIO VII 12.24 11.67 18.47

 

ENDS

For further information, please contact:

Paul Keeble
Head of Media and PR
Canada Life
T: 07833 085387
E: paul.keeble2@canadalife.co.uk

Notes to editors

David Marchant – Fund manager
David Marchant has more than 31 years’ experience managing assets. He is responsible for Canada Life Investments’ mixed asset funds, totalling more than £2.8 billion. David is CIO of Canada Life Limited & Managing Director, Canada Life Asset Management Limited.

The five funds which constitute the Portfolio Funds range are as follows:

Fund name IMA sector Distribution Technology risk profile
CF Canlife Portfolio III Mixed Investment 0-35% Shares Dynamic Planner 3 (low risk)
CF Canlife Portfolio IV Mixed Investment 20-60% Shares Dynamic Planner 4 (lowest medium risk)
CF Canlife Portfolio V Mixed Investment 40-85% Shares Dynamic Planner 5 (low medium risk)
CF Canlife Portfolio VI Mixed Investment 40-85% Shares Dynamic Planner 6 (high medium risk)
CF Canlife Portfolio VII Flexible Investment Dynamic Planner 7 (highest medium risk)

 

About Canada Life Investments
Canada Life Investments is a UK-based asset manager responsible for managing more than £35bn of assets across company shares, fixed income and property*. Our parent company, Great-West Lifeco, is one of Canada’s largest financial companies with £600bn** consolidated assets under administration. By being part of a much larger group, we are able to draw on a pool of expertise and resources that enable us to better serve our clients and help them to meet their objectives. At the heart of our business is a range of investment solutions designed to meet investors’ needs. We have expertise investing in shares, fixed income and property, and offer a range of open-ended funds (OEICs) that cover UK and international shares and bonds, as well as multi-asset strategies.
Our team of investment professionals is based in the heart of the City of London and has extensive experience across all of the major asset classes. With an average tenure of nine years with the company, our fund managers work in a tight-knit atmosphere that fosters the sharing of ideas and allows for empowered decision-making.

* As at 31/12/16

** As at 31/12/15

For more information, visit www.canadalifeinvestments.com 

CLI00635 expiry on 28/02/2017