On Monday, Canada Life Investment Management Ltd. (CLIML) launched a series of balanced mutual fund portfolios.
As stated in the release, the Canada Life Sustainable Portfolio portfolios of subsidiary Canada Life Assurance Co. based in Winnipeg, seek to invest in companies that demonstrate strong environmental, social and governance (ESG) practices. Fund of funds portfolios are actively managed.
Canada Life’s balanced conservative portfolio is designed to generate a moderate level of income with the potential for long-term capital growth for Canadian investors.
While the Canada Life Balanced Portfolio aims to generate a balance of income and long-term capital growth, the Canada Life Sustainable Growth Portfolio is designed for Canadians looking to generate long-term capital growth.
JP Morgan Asset Management will provide additional advice to all three funds.
As stated in the announcement, Canada Life Assurance Co. will introduce segregated fund versions of these portfolios at a later date.
