TORONTO, March 8,
2024 /CNW/ - SLGI Asset Management Inc. ("SLGI Asset
Management") announced today its intent to make changes to certain
funds through a fund merger and an investment objective change. The
proposed changes are designed to streamline the SLGI Asset
Management platform for advisors and investors.
Investment objective
change
SLGI Asset Management is proposing to change the investment
objective of the Sun Life Amundi Emerging Markets Debt Fund (the
"Fund"). The change is subject to unitholder approval. If
approved:
- The Fund's investment objective will be to seek total
return through investment in investment grade and non-investment
grade debt securities of issuers located anywhere in the
world,
- The Fund will be renamed Sun Life MFS Global Core Plus
Bond Fund, to better align the name of the Fund with its new
investment objective,
- The Fund's sub-advisors, currently Amundi (UK) Limited
and Amundi Canada Inc., will be replaced with MFS Investment
Management Canada Limited, and
- Management fees will be reduced by 0.77 percentage points
for Series A and 0.42 percentage points for Series F, reflected in
the table below.
Series
|
Current management
fee
|
New management
fee
|
A
|
1.70 %
|
0.93 %
|
F
|
0.85 %
|
0.43 %
|
Fund merger
Upon successful completion of the investment objective change,
SLGI Asset Management intends to merge Sun Life Global Tactical
Yield Private Pool (the "Pool") into the Fund, subject to
unitholder approval. The proposed merger will be executed on a
taxable basis.
Unitholder voting
The required unitholder approvals will be sought at
special meetings to be held on or about May
31, 2024, for unitholders of record as of April 15, 2024. A Notice-and-Access document,
which outlines the procedures for accessing the management
information circular containing full details of the proposals, will
be mailed on or about April 26, 2024,
to unitholders of record on the record date. The management
information circular will also be made available following the
mailing date on www.sedarplus.ca. All costs and expenses associated
with the mergers will be borne by SLGI Asset Management. Subject to
these approvals, SLGI Asset Management will make the above proposed
changes after the close of business on or about June 28, 2024.
About SLGI Asset Management
Inc.
SLGI Asset Management Inc. is a subsidiary of Sun Life Financial
Inc. It offers Canadians a diverse lineup of mutual funds and
innovative portfolio solutions, empowering them to pursue their
financial goals at every life stage. We bring together the strength
of one of Canada's most trusted
names in financial services, Sun Life, with some of the best asset
managers from around the world to deliver a truly global investment
platform. As of December 31, 2023,
SLGI Asset Management Inc. manages $36.1
billion on behalf of institutional and retail investors from
coast-to-coast and is a member of the Sun Life group of companies.
For more information visit www.sunlifeglobalinvestments.com.
About Sun Life
Sun Life is a leading international financial services
organization providing asset management, wealth, insurance and
health solutions to individual and institutional Clients. Sun Life
has operations in a number of markets worldwide, including
Canada, the United States, the United Kingdom, Ireland, Hong
Kong, the Philippines,
Japan, Indonesia, India, China,
Australia, Singapore, Vietnam, Malaysia and Bermuda. As of December 31, 2023, Sun
Life had total assets under management of $1.40 trillion. For more information, please
visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New
York (NYSE) and Philippine (PSE) stock exchanges under the
ticker symbol SLF.
Note to editors: All figures in Canadian dollars.
Media Relations Contact:
Laura Torchia
Manager, Corporate Communications
T. 416-818-5613
laura.torchia@sunlife.com
SOURCE SLGI Asset Management Inc.