They may also soften the downside of tough markets - especially as retirement appears on the horizon. The Wellington Fund’s investment objective is to seek long-term capital appreciation and income. Following the 2020 review, SLGI has announced the following changes to the three fund series. Past performance is no guarantee of future results. - (6:06) How target date funds can help members navigate market volatility - (8:21) What can plan sponsors do? He is responsible for overseeing the management of the LifePath Target Date Funds as well as a wide range of fund of funds for both Institutional and Defined Contribution clients. A TDF may also give you access to niche asset classes that may reduce portfolio volatility, such as infrastructure and real estate. First, they have to grow savings by managing decades of risks and returns. Each of the Funds’ respective benchmarks have been modified effective April 1, 2020 to reflect the above-mentioned changes. Sun Life Assurance Company of Canada purchases units of the funds listed below, which are established as segregated funds in accordance with the Insurance Companies Act (Canada). Sun Life Granite Income Portfolio. 40% Equity / 60% Fixed Income Low to Medium Risk. including Fidelity funds, certain third-party funds and products, and certain investment services. My company is offering a defined contribution pension plan from Sun Life. now the largest manager of U.S. target-date fund assets in the industry, as investors have gravitated to the company’s low-cost, index-based approach***. You should review your retirement projections with your financial advisor annually to ensure they are still realistic. Please contact your Sun Life Group Retirement Services representative. Learn more about Sun Life Prosperity Funds. Subscibe to Sunlife's Brighter Life emails for personalized tips, tools and offers. Sign-in help MFS was founded in 1924. Sun Life Granite Enhanced Income Portfolio . Target date funds focus on a goal, such as retirement, and have asset mixes that change throughout the life of the fund. Extensive coverage and expert comment on important topics in the financial advisory industry. I understand I can unsubscribe at any time and acknowledge that this email address belongs to me. As the fund nears the target date, it gradually gets more conservative, shifting from a larger allocation in stocks and into bonds and cash. I understand I can unsubscribe at any time and acknowledge that this email address belongs to me. All you have to know is what year you plan to retire. Life-cycle funds are also known as "age-based funds" or "target-date retirement funds." SLAMCI also has a suite of target date funds, the Sun Life Prosperity Achiever Funds, which grow one’s mutual fund investments over a specific period of time. Partnering with Sun Life for a Brighter Future. You may discover that you need to contribute more or work longer to finance the standard of living you’re looking for in retirement. Also Monday, Sun Life reported that the combined assets of target date funds available to group plans administered by the company are now more than $1 billion.  The Sun Life Granite Multi-Risk Targ et Date Funds were negative in Q4  Maintained overweight position in U.S. equities  Reduced exposure to EAFE equities  Added exposure to emerging market equities  Increased cash levels in the Funds  Reduced high yield and emerging market bond exposure Investors often find a year-end rally in their Christmas stocking. I am currently 27 years old. As of March 2020, assets in target-date mutual funds and collective investment trusts totaled approximately $1.9 trillion. Plan members expecting to retire around the year 2060 may benefit from this new fund. Copies of the revised SIP&Ps are available on Sun Life’s Plan Sponsor Services website at SunLife.ca/sponsor. By his projected retirement date, the equity component will be reduced significantly. Changes to the Beutel Goodman Fixed Income team – April 4, 2016. Designed for investors who anticipate retiring in or within a few years of the portfolio’s target retirement year at or around age 65. The safety and security of Client data is one of our top priorities. Learn more about privacy and how we collect data to provide you with more relevant content. The high price target for SLF is C$71.00 and the low price target … Fund Select the Target Date Fund with the date closest to your planned retirement date. CI making special payments to investors in selected funds – April 18, 2016. Help limit the spread of COVID-19 with the COVID Alert app from the Government of Canada. Specifically, SLGI has replaced all current investments in the Templeton Global Bond Fund with the Sun Life Opportunistic Fixed Income Fund. Beginning of dialog window. It will take some time to update our websites, materials and forms and until that is complete, all references to Sun Life Global Investments (Canada) Inc. … This makes investing a viable opportunity to build and grow wealth for our financial goals. 1,572 total views, 3 views today. Since then, the company has guided investors through every market condition on record. Neither asset allocation nor diversification ensures a profit or guarantees against loss. Awards and recognition. Wellington is one of the largest fund managers in the world with over $US 1 trillion in AUM. For assistance on which fund suits you best, talk to your Sun Life Financial Advisor or email us at sunlink@sunlife.com. Funds appeal to customers looking for simple solutions for workplace retirement savings plans. They include: The Code of Conduct that tells every Sun Life employee and advisor how we expect them to act; Disciplined and well-ordered risk management systems Following a glide path, the Fund … 7 Wall Street analysts have issued ratings and price targets for Sun Life Financial Inc. (SLF.TO) in the last 12 months. Changes to the Sun Life Financial Universe Bond Segregated Fund – … Sun Life Financial introduced the first lifecycle target date funds with a guarantee for employer-sponsored group retirement savings plans in Canada in April 2005 . Driving innovation. 3 Effective May 24, 2019, the Sun Life Multi-Strategy Target Return fund changed investment objective and sub-advisor to become the Sun Life Opportunistic Fixed Income Fund (sub-advised by Wellington). SLGI has reduced the exposure to large cap Canadian core equities in the funds from 33.3% to 30.0%. Available in Target Date, Multi-Risk Target Date, Target Risk and Income strategies—all Granite funds offer broad diversification with … BlackRock Asset Management Canada Limited (BlackRock) has added a 2060 fund to its LifePath® target date fund suite. If managing your own money for the next 30 years or more seems like a daunting challenge, a target date fund (TDF) may be the solution. You can include a TDF in your individual RRSP, or choose to invest in one through your workplace plan. But that’s only the first step on the road to achieving your retirement savings objectives. Rankings. From humble beginnings in Boston to what's now a global footprint that stretches from São Paulo, Brazil to Sydney, Australia, MFS has spent nearly a century honing its collaborative investment process to build better insights for clients. But if managing your own money for the next 30 years or more seems like a daunting challenge, a target-date fund (TDF) may be the solution. Target date funds have more than one job to do. Sun Life Global Investments adds new 2060 funds to Granite Target Date and Multi-Risk Target Date Fund series. Escape will cancel and close the window. Take a deeper look at the Sun Life Granite Managed Solutions. The principal value is not guaranteed at any time, including at the target date. Target-date funds are mutual fund or exchange-traded funds (ETFs) structured to grow assets in a way that is optimized for a specific time frame. These are target-date funds that mature in 2030 or earlier and after 2025. To select the most suitable fund, all you have to do is answer one question: When do I plan to use the money? These are target-date funds that mature in 2035 or earlier and after 2030. The Sun Life Granite funds are a suite of multi-manager solutions designed to help plan members save for their retirement. Sun Life Assurance Company of Canada purchases units of the funds listed below, which are established as segregated funds in accordance with the Insurance Companies Act (Canada). This fund has been automatically added to your fund line-up, since you currently offer the Fidelity ClearPath® target date fund series. This is done through the Sun Life Private Fixed Income Plus and Canadian Commercial Mortgage Funds (also sub-advised by SLC). - (5:16) Why are we seeing so much cash flow going into target date funds? You can buy some of our insurance products online. Past performance is not necessarily a guide to future performance; unit prices may fall as well as rise. After selecting one of the four LifeStrategy Funds based on your investment goals, investing time horizon, and risk tolerance (determine your risk tolerance by completing our The allocation within international equities will change as shown below: SLGI announced the addition of a bottom-up, core plus mandate that they expect will broaden the opportunity set in Canadian bonds. Enhancements to the Granite Series Target Date and Target Risk funds – April 4, 2016. For example, a younger worker hoping to retire in 2065 would choose a target-date 2065 fund, while an older worker hoping to retire in 2025 would choose a target-date 2025 fund. SLG MyFuture Fund is a target date fund that invests primarily in high-quality stocks and a mix of government and domestic corporate debt in accordance with an asset allocation strategy that promotes capital appreciation at the onset to maximize earning potential in the earlier years and shifts to wealth preservation to reduce exposure to risk as the maturity of the fund approaches. They may also soften the downside of tough markets - especially as retirement appears on the horizon. Here’s how we can help you. Despite having a common maturity date, TDFs can have significant differences. This is because your investment will have less and less time to recover from any stock market volatility you may encounter, which leads many investors to prefer a more conservative approach as retirement nears. A study in late 2008 by Deloitte and the Investment Company Institute showed that 72% of defined contribution plans (e.g., 401k plans) offered target-date funds. The maturity date for a Sun Life Milestone Fund may be accelerated in certain circumstances, in which case an accelerated Guaranteed Value will be calculated. Please select your language preference on the right hand side. At Sun Life, we have always built our business on ethics and integrity. First, they have to grow savings by managing decades of risks and returns. Achieving Success with Target Date Funds 7 ways target-date funds could be better Why young investors should fall in love with target-date funds. With our LifeStrategy Funds you assume more responsibility. Target Date Funds: America’s #1 Retirement Investment Dual View They're ideal for investments of at least 10 years. In September 2016, BlackRock Asset Management Canada Limited (BlackRock) revised the benchmark returns for the BlackRock LifePath® Index Series of target date funds (the Funds) for the month of May 2016. Download it today. The GRS Investment Solutions team has reviewed the changes with SLGI and is comfortable with them. An index fund has operating and other expenses while an index does not. billion of target-date assets and experienced more than US$56 billion cash flow into its target date mutual funds and collective trusts in 2015. Sun Life Capital Management (Canada) Inc. (“SLC”) is the sub-advisor of the core plus bond fund. now. The target date in the funds name is the approximate date an investor plans to start withdrawing money. Note that this change is not applicable to the Sun Life Granite Target Date series of Funds because they already offer broad credit exposure. Some funds also offer the opportunity to lock in a specific asset mix (such as 25% equities, 75% fixed income) to extend past the target date and into your retirement. Following the 2020 review, SLGI has announced the following changes to the three fund series. As Filipinos, we are hardworking and resourceful with our money. - (9:54) A case study of the benefits of plan design changes - (11:38) Sun Life… Morningstar Financial Research conducts Analysis on Markets, Mutual Fund, Stocks and ETFs through Investment Data and News. A TDF automatically resets the asset mix of stocks, bonds and cash equivalents in your portfolio in relation to a selected date closest to the date you plan to retire. As the first target date fund, LifePath has seen investors through more market ups and downs than any other target date fund. While his contributions may initially be heavily weighted towards equities, the asset mix will shift over the course of his career. 2060 fund added to the BlackRock LifePath® Index Target Date Fund suite. Target-date funds work by rebalancing the asset allocation throughout the fund’s life until it hits the target date. The target date fund choice for 20% of Fortune 100 companies * “On the forefront of the target-date industry” according to Morningstar; Target date funds have more than one job to do. Videos. Previously, Greg was the Head of iShares Equity Portfolio Management team within BlackRock's Index Equity team where he was responsible for overseeing the management of the Americas listed iShares equity funds. A target date fund (TDF) – also known as a lifecycle, ... where the convenience of a single 'fund for life' made them the most popular type of default strategy. Each spring, Sun Life Global Investments (SLGI) formally reviews the long-term strategic target allocations for the Sun Life Granite Series of Target Date Funds, Sun Life Granite Series of Multi-Risk Target Date Funds and Sun Life Granite Target Risk Funds. I understand I can unsubscribe at any time and acknowledge that this email address belongs to me. The performance data shown in tables and graphs on this page is calculated in USD of the fund/index/average (as applicable), on a Bid To Bid / Nav to Nav basis, with gross dividends re-invested on ex-dividend date. U.S. equity will go from 33.3% to 35.0%, and international equity plus emerging markets from 33.3% to 35.0%. Whether you decide to invest all or part of your retirement savings in a target-date fund is a personal decision. Sheryl Smolkin is a lawyer who writes about workplace pensions and benefits. This movement is called the fund’s glide path. A 25 year-old man who plans to retire at age 65 will likely choose a fund dated 40 years out. Each spring, Sun Life Global Investments (SLGI) formally reviews the long-term strategic target allocations for the Sun Life Granite Series of Target Date Funds, Sun Life Granite Series of Multi-Risk Target Date Funds and Sun Life Granite Target Risk Funds. For long-term investors, funds are a good investment, especially during periods of market volatility. Our Target Retirement Funds simply ask you to choose a fund based on your expected retirement date, and then we take it from there. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers. Target date funds are ideal for addressing a financial goal slated for a future date, such as retirement or funding a child’s education. SUN LIFE MILESTONE FUNDS With Sun Life Milestone Funds, clients select a fund with a maturity date that best matches the year they expect to require the money, known as the target maturity date. Register Higher returns with target date funds *Includes all Target Date Funds offered on the Sun Life Group Retirement Services investment platform. Their average twelve-month price target is C$61.31, predicting that the stock has a possible upside of 7.24%. Investing in a TDF ensures you have a professionally managed and diversified portfolio. The objective is to enhance return consistency relative to the broad global bond benchmark. Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans. Escape will cancel and close the window. BlackRock Asset Management Canada Limited (BlackRock) has announced an update to the maturity process for the BlackRock LifePath® Index 2020 Fund (LifePath 2020 Fund). Beginning of dialog window. It’s a good idea to discuss your strategy with your financial advisor. The fund invests in inflation-linked bonds opportunistically, to preserve capital at different points in the economic cycle. Make well-informed decisions with helpful advice. Find out which funds work best for you and your goals. Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans. The closer you get to the maturity date, the more your fund will be weighted towards bonds and cash and away from stocks. BlackRock’s history with target-date funds stretches back to the 1990s, but most importantly, the firm has remained steadfast in evolving its target-date options You’ve opened a registered retirement savings plan (RRSP) or joined the company-sponsored savings plan and you’re making regular contributions. To enhance overall portfolio diversification, SLGI will reallocate some Canadian core bond exposure towards U.S. core bonds. By signing in, you agree to these terms and conditions. To reach your destination successfully, you have to invest your money effectively over time. Like a jet on autopilot, target date funds do all of the driving. 50% Equity / 50% Fixed Income Low to Medium Risk. When logged in, under the Administration and reporting tab, select Group Retirement Services, then on the top navigation menu select Investments > Governance reports. The respective maturity dates for the Sun Life Milestone Funds is June 30 of the year in the corresponding fund's name. All rights reserved. Sun Life Assurance Company of Canada purchases units of the funds listed below, which are established as segregated funds in accordance with the Insurance Companies Act (Canada). In August 2018, we discovered that Sun Life Global Investments Canada (SLGI) submitted incorrect benchmark returns to Morningstar® for the months of April, May and June 2018 for the two series of segregated funds below (the Funds): Sun Life Financial Granite Target Date Funds Sun Life Financial Granite Multi-Risk Target Date Funds. Data privacy principles. It seeks to do this by investing primarily in a diversified portfolio of global fixed income securities. The Sun Life executive further elaborates suggesting “It helps to get people investing right away and automatically reduces their investment risk over time.” Most importantly, Sun Life has found that the longer you are invested in target date funds, the better the performance compared to other investment choices. Follow her @SherylSmolkin. Our commitment to managing Client data . Industry figures show that in 2012, TDFs were the most popular default option selected by group retirement plan sponsors for investing the contributions of employees who did not make their own investment selections. All rights reserved. Investment managers periodically add new longer-dated funds to their target date series, in order to better match the time horizon of younger plan members. From the list below, pension mgr recommended to put in maybe 50% into the 2045 target date fund and the other 50% into the 2050 target date fund. And we follow them, wherever we do business. Vanguard offers mutual funds for target retirement dates for every five years from 2020 to 2065. Investing in mutual funds such as Sun Life may seem like a challenging task, but doing a little research and knowing your investing goals makes it easier. The Vanguard Group, Inc. manages nearly US$358 billion of target-date assets and experienced more than US$56 billion cash flow into its target date mutual funds and collective trusts in 2015. TORONTO, Aug. 6, 2020 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced its results for the second quarter ended June 30, … LSC will close in 2022 for the 2025 fund. As long as they remain invested in the fund until maturity, they will receive a guaranteed maturity value. U.S. News evaluated 342 Target-Date 2060+ Funds. Target-Date Funds in Retirement Plans . Talk to your advisor or find one near you - there is no cost to talk to an advisor. Kevin Strain will take over as president and CEO of Sun Life Financial in 2021. BlackRock’s history with target-date funds stretches back to the 1990s, but most importantly, the firm has remained steadfast in evolving its target-date options The first challenge with target-date funds is that all funds are not created equal. We know that’s a big responsibility. Target Wealth: The Evolution of Target Date Funds 5 3vestment problem The in In the most basic TDF, there are only two possible investments: a bond index and an equity index. Select the Target Risk Fund that most closely matches your risk profile. Investment news and analysis for financial advisers. Take charge of retirement savings by learning the pros and cons of target-date funds, also called life-cycle funds, and how they fit into your portfolio. This allows for an increase in the non-Canadian equity allocation. We’re here to support you through COVID-19. But target-date funds – which invest across several asset types, in different allocations, as you age – do it all for you. TORONTO, Sept. 21 2009 – In just four years of offering lifecycle target date funds to Canadian employers and employees, the combined assets of target date funds available to group plans administered by Sun Life Financial are now more than $1 billion. … Learn more about privacy and how we collect data to give you relevant content. The mix of individual securities in each fund may also vary considerably. SLGI anticipates that the broader credit exposure may help enhance yield and diversification. At Sun Life, we’re proud to see the results of our commitment to excellence around the world. Articles. Sign up for FREE personalized tips, tools and offers. Target Income Portfolios. The Sun Life Prosperity Achiever Fund 2028 is a target-dated mutual fund that aims to generate long-term capital appreciation through a mixed portfolio that shifts from aggressive to conservative as the Fund approaches its target date. Awards and recognition we’ve received. As the target However, that doesn’t mean you can completely “set and forget” your retirement savings until it’s time to cash in your chips. The Sun Life Prosperity Achiever Funds will officially be launched to the investing public in January 2019. Given a specified target date (the anticipated retirement date of the DC plan member), the allocation to stocks and bonds is determined by a glide path. © Sun Life Assurance Company of Canada. For example, how and when the asset mix transitions from mostly equities to a higher fixed-income component (called the “glidepath”) can vary dramatically among funds. The Sun Life Prosperity Funds are built with the Filipino investor in mind. Effective November 9, 2018, the BlackRock LifePath® 2060 Target Date Segregated Fund (LifePath 2060) will be available on Sun Life Financial's Core investment platform. We set strict guidelines and rules about how we do business. SLGI Granite Target Date and Granite Target Risk enhancements, Canadian Fixed Income (Sun Life Granite Target Risk Funds only), RightDirections™ Employee Assistance Program, Professional Associations and Affinity Groups. Whether you decide to invest all or part of your retirement savings in a target-date fund is a personal decision. These are target-date funds that mature in 2030 or earlier and after 2025. Are you an advisor? Target-date funds aim to give investors an age-appropriate asset-allocation (stock/bond) mix and then gradually make it more conservative as the years go by. Fund performance data Since you need to understand how your investments are performing at all times, we’ve collected all the fund details in one place, organized and grouped for your convenience.Here you can view all the up-to-date information about our funds, including fund facts, performance, codes and other relevant details. The popularity of target-date funds was sparked by the Pension Protection Act signed by President Bush in 2006. © Sun Life Assurance Company of Canada. The Opportunistic Fixed Income Fund is sub-advised by Wellington Management Canada ULC, a subsidiary of Wellington Investment Advisors Holdings LLP (“Wellington”). A sample of approximate holdings (as of Aug. 31, 2020) with a target date of 2045 demonstrates this point. SLGI has changed the global fixed income exposure within all fund series. Since that, time TDF assets under management have grown more than 10x reaching $763 billion at end 2015. Some funds also offer the opportunity to lock in a specific asset mix (such as 25% equities, 75% fixed income) to extend past the target date and into your retirement. To know more about these funds, consult a Sun Life Financial Advisor, visit http://www.sunlifefunds.com/, or call 849-9888. As of July 20, 2020, Sun Life Global Investments (Canada) Inc. changed its name to SLGI Asset Management Inc. Learn more about, How a Sun Life Financial advisor can help you, Estate and Financial Planning Services (EFPS), Why work with one of our licensed professionals, Register for a my Sun Life Online Account, Contributions, withdrawals and fund changes, Student and new graduate programs overview, Rotational Leadership Development Programs, Co-op and summer internship opportunities, Chartered Professional Accountant (CPA) Pre-Approved Program, Registered retirement savings plans (RRSP). Its LifePath® target date – do it all for you and your goals across several asset types, different... Despite having a common maturity date, the more your fund line-up, since currently. With your Financial advisor annually to ensure they are still realistic, time TDF assets under Management grown. Members expecting to retire ( “ SLC ” ) is the approximate date an investor plans retire! 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