sun life target date funds

By   december 22, 2020

Kevin Strain will take over as president and CEO of Sun Life Financial in 2021. Changes to the Beutel Goodman Fixed Income team – April 4, 2016. Make well-informed decisions with helpful advice. The closer you get to the maturity date, the more your fund will be weighted towards bonds and cash and away from stocks. These are target-date funds that mature in 2035 or earlier and after 2030. Data privacy principles. The Wellington Fund’s investment objective is to seek long-term capital appreciation and income. However, that doesn’t mean you can completely “set and forget” your retirement savings until it’s time to cash in your chips. 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. Extensive coverage and expert comment on important topics in the financial advisory industry. Download it today. © Sun Life Assurance Company of Canada. We set strict guidelines and rules about how we do business. This makes investing a viable opportunity to build and grow wealth for our financial goals. 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. 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. Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans. Subscibe to Sunlife's Brighter Life emails for personalized tips, tools and offers. Our commitment to managing Client data . This movement is called the fund’s glide path. 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. 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. Please select your language preference on the right hand side. Beginning of dialog window. I understand I can unsubscribe at any time and acknowledge that this email address belongs to me. 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. The Sun Life Prosperity Funds are built with the Filipino investor in mind. For long-term investors, funds are a good investment, especially during periods of market volatility. Investment news and analysis for financial advisers. now. 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. If you are uncomfortable with risk, you may want to look at a TDF that offers a guaranteed maturity value. 2060 fund added to the BlackRock LifePath® Index Target Date Fund suite. 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. - (5:16) Why are we seeing so much cash flow going into target date funds? Awards and recognition. Since that, time TDF assets under management have grown more than 10x reaching $763 billion at end 2015. Following the 2020 review, SLGI has announced the following changes to the three fund series. They may also soften the downside of tough markets - especially as retirement appears on the horizon. 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. Enhancements to the Granite Series Target Date and Target Risk funds – April 4, 2016. Escape will cancel and close the window. 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). We’re here to support you through COVID-19. Life-cycle funds are also known as "age-based funds" or "target-date retirement funds." To select the most suitable fund, all you have to do is answer one question: When do I plan to use the money? The principal value is not guaranteed at any time, including at the target date. As of July 20, 2020, Sun Life Global Investments (Canada) Inc. changed its name to SLGI Asset Management Inc. But target-date funds – which invest across several asset types, in different allocations, as you age – do it all for you. Beginning of dialog window. The GRS Investment Solutions team has reviewed the changes with SLGI and is comfortable with them. For assistance on which fund suits you best, talk to your Sun Life Financial Advisor or email us at sunlink@sunlife.com. Register Neither asset allocation nor diversification ensures a profit or guarantees against loss. Partnering with Sun Life for a Brighter Future. Sign up for FREE personalized tips, tools and offers. Funds appeal to customers looking for simple solutions for workplace retirement savings plans. Sun Life Global Investments adds new 2060 funds to Granite Target Date and Multi-Risk Target Date Fund series. BlackRock Asset Management Canada Limited (BlackRock) has announced an update to the maturity process for the BlackRock LifePath® Index 2020 Fund (LifePath 2020 Fund). Awards and recognition we’ve received. Plan members expecting to retire around the year 2060 may benefit from this new fund. With our LifeStrategy Funds you assume more responsibility. 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. The fund invests in inflation-linked bonds opportunistically, to preserve capital at different points in the economic cycle. While his contributions may initially be heavily weighted towards equities, the asset mix will shift over the course of his career. Specifically, SLGI has replaced all current investments in the Templeton Global Bond Fund with the Sun Life Opportunistic Fixed Income Fund. Are you an advisor? And we follow them, wherever we do business. Target date funds have more than one job to do. Talk to your advisor or find one near you - there is no cost to talk to an advisor. 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. First, they have to grow savings by managing decades of risks and returns. 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 They're ideal for investments of at least 10 years. TORONTO, Aug. 6, 2020 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced its results for the second quarter ended June 30, … 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. This fund has been automatically added to your fund line-up, since you currently offer the Fidelity ClearPath® target date fund series. 40% Equity / 60% Fixed Income Low to Medium Risk. 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***. Select the Target Risk Fund that most closely matches your risk profile. 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. As Filipinos, we are hardworking and resourceful with our money. An index fund has operating and other expenses while an index does not. Like a jet on autopilot, target date funds do all of the driving. Despite having a common maturity date, TDFs can have significant differences. 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. Since then, the company has guided investors through every market condition on record. You can buy some of our insurance products online. Past performance is no guarantee of future results. This allows for an increase in the non-Canadian equity allocation. Target date funds focus on a goal, such as retirement, and have asset mixes that change throughout the life of the fund. But that’s only the first step on the road to achieving your retirement savings objectives. Vanguard offers mutual funds for target retirement dates for every five years from 2020 to 2065. 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. Target-Date Funds in Retirement Plans . 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. 50% Equity / 50% Fixed Income Low to Medium Risk. At Sun Life, we have always built our business on ethics and integrity. The Opportunistic Fixed Income Fund is sub-advised by Wellington Management Canada ULC, a subsidiary of Wellington Investment Advisors Holdings LLP (“Wellington”). 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. The objective is to enhance return consistency relative to the broad global bond benchmark. Changes to the Sun Life Financial Universe Bond Segregated Fund – … 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 sample of approximate holdings (as of Aug. 31, 2020) with a target date of 2045 demonstrates this point. Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans. Rankings. They may also soften the downside of tough markets - especially as retirement appears on the horizon. 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 . Morningstar Financial Research conducts Analysis on Markets, Mutual Fund, Stocks and ETFs through Investment Data and News. 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. including Fidelity funds, certain third-party funds and products, and certain investment services. These are target-date funds that mature in 2030 or earlier and after 2025. Introducing The Merriman Ultimate Target-Date Portfolios Target Date Funds: America’s #1 Retirement Investment. Target Income Portfolios. Sun Life Granite Enhanced Income Portfolio . 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 It has been managing investments since 1928. Select the Target Date Fund with the date closest to your planned retirement date. I understand I can unsubscribe at any time and acknowledge that this email address belongs to me. By his projected retirement date, the equity component will be reduced significantly. Sun Life Capital Management (Canada) Inc. (“SLC”) is the sub-advisor of the core plus bond fund. To know more about these funds, consult a Sun Life Financial Advisor, visit http://www.sunlifefunds.com/, or call 849-9888. - (6:06) How target date funds can help members navigate market volatility - (8:21) What can plan sponsors do? The respective maturity dates for the Sun Life Milestone Funds is June 30 of the year in the corresponding fund's name. 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. 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). You should review your retirement projections with your financial advisor annually to ensure they are still realistic. U.S. equity will go from 33.3% to 35.0%, and international equity plus emerging markets from 33.3% to 35.0%. Note that this change is not applicable to the Sun Life Granite Target Date series of Funds because they already offer broad credit exposure. BlackRock Asset Management Canada Limited (BlackRock) has added a 2060 fund to its LifePath® target date fund suite. Higher returns with target date funds *Includes all Target Date Funds offered on the Sun Life Group Retirement Services investment platform. To enhance overall portfolio diversification, SLGI will reallocate some Canadian core bond exposure towards U.S. core bonds. 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. These are target-date funds that mature in 2030 or earlier and after 2025. Learn more about privacy and how we collect data to provide you with more relevant content. As the fund nears the target date, it gradually gets more conservative, shifting from a larger allocation in stocks and into bonds and cash. Here’s how we can help you. At Sun Life, we’re proud to see the results of our commitment to excellence around the world. All you have to know is what year you plan to retire. MFS was founded in 1924. 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. 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. As the target All rights reserved. All rights reserved. A 25 year-old man who plans to retire at age 65 will likely choose a fund dated 40 years out. As of March 2020, assets in target-date mutual funds and collective investment trusts totaled approximately $1.9 trillion. … 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. Learn more about Sun Life Prosperity Funds. 1,572 total views, 3 views today. Follow her @SherylSmolkin. You’ve opened a registered retirement savings plan (RRSP) or joined the company-sponsored savings plan and you’re making regular contributions. The target date in the funds name is the approximate date an investor plans to start withdrawing money. 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.  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. U.S. News evaluated 342 Target-Date 2060+ Funds. I understand I can unsubscribe at any time and acknowledge that this email address belongs to me. You can include a TDF in your individual RRSP, or choose to invest in one through your workplace plan. 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. 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. As long as they remain invested in the fund until maturity, they will receive a guaranteed maturity value. 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. Please contact your Sun Life Group Retirement Services representative. You may discover that you need to contribute more or work longer to finance the standard of living you’re looking for in retirement. It seeks to do this by investing primarily in a diversified portfolio of global fixed income securities. Videos. The Sun Life Granite funds are a suite of multi-manager solutions designed to help plan members save for their retirement. SLGI has changed the global fixed income exposure within all fund series. Sun Life Granite Income Portfolio. 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. - (9:54) A case study of the benefits of plan design changes - (11:38) Sun Life… 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. 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. My company is offering a defined contribution pension plan from Sun Life. 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. Wellington is one of the largest fund managers in the world with over $US 1 trillion in AUM. The safety and security of Client data is one of our top priorities. As the first target date fund, LifePath has seen investors through more market ups and downs than any other target date fund. 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. CI making special payments to investors in selected funds – April 18, 2016. 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. The high price target for SLF is C$71.00 and the low price target … 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. 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. We know that’s a big responsibility. 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. When logged in, under the Administration and reporting tab, select Group Retirement Services, then on the top navigation menu select Investments > Governance reports. 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