TORONTO, Aug. 1, 2024 /CNW/ - SLGI Asset
Management Inc. ("SLGI Asset Management") announced today its
decision to close Series A, Series T8, Series F and Series O (the
"Terminating Series") of Sun Life Schroder Global Mid Cap Fund (the
"Fund"). This decision was made with the goal of streamlining
offerings for retail investors. Effective today, the Terminating
Series will no longer be available for purchases or switches by new
or existing investors, including pre-authorized chequing plans.
The termination of the Terminating Series will be effective the
close of business on October 4, 2024
and SLGI Asset Management will redeem any investors remaining in
the Terminating Series as of this date.
Additional changes
Series I of the Fund will remain
open for eligible purchasers. To further enhance the Fund's
structure, effective October 4, 2024,
the Fund's investment strategies will be changed and the current
sub-advisor, Schroder Investment Management North America Inc.,
will be replaced with two new sub-advisors: Acadian Asset
Management LLC and MFS Investment Management Canada Limited. In
addition, the Fund will be renamed Sun Life Global Mid Cap
Fund.
About SLGI Asset Management Inc.
SLGI Asset Management
Inc. is a subsidiary of Sun Life Financial Inc. and offers
Canadians a diverse lineup of mutual funds and innovative portfolio
solutions, empowering them to pursue their financial goals at every
life stage. SLGI Asset Management Inc. brings 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 March 31, 2024, SLGI
Asset Management Inc. manages $38.3
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 March
31, 2024, Sun Life had total assets under management of
$1.47 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:
Sade Foster
Manager, Corporate Communications
T. 416-702-2450
Sade.Foster@sunlife.com
SOURCE SLGI Asset Management Inc.