Invesco Income Growth Segregated Fund is No Longer Marketed on the Core Investment Platform

Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans. 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 Group Retirement Services (GRS) regularly reviews the Core investment platform in response to Client interest and evolving fund offerings in the market.

Sun Life will no longer market the Invesco Income Growth Segregated Fund (the Fund) as part of the Core investment platform. We’ll continue to conduct governance activities on the Fund, sponsors who currently offer the Fund can continue to do so, and members’ contributions may continue. However, the Fund will no longer be available to plans who don’t already offer it in their line-up.

Background

The Fund is currently On Watch due to CI Global Asset Management’s recent acquisition of Invesco Canada’s mutual fund and ETF business. We are No Longer Marketing the Fund given the uncertainty of the ex-Invesco team’s integration into CI GAM, potential merger into a similar existing CI fund, or potential change in Portfolio Management team. We will continue to monitor the integration of the portfolio management team and will provide update(s) as necessary. You can read more on this transaction and its impact on the Fund here.

Questions?

Please contact your Sun Life Group Retirement Services representative*.

*In Quebec, registered as a Group annuity plans advisor.