Canada Life Investments is adding to its suite of low-cost mixed asset solutions with the launch of the LF Canlife Managed 20%-60% Fund later this month, subject to regulatory approval.
This is the London-based firm’s eighth managed multi-asset fund and a reflection of the increasing investor demand for stable returns and steady income.
“The 20%-60% is a logical addition to our popular multi-asset range and neatly rounds off our menu for straight-forward risk profiled funds,” says Craig Rippe, Head of Multi-Asset at Canada Life Investments.
Managed by Rippe, the LF Canlife Managed 20%-60% Fund is focussed on generating long term capital growth (in excess of five years) and sits perfectly in-between the firm’s existing Managed 0 per cent-35 per cent Fund and Balanced Fund OEICs. Outsourcing these investments of varied risk appetites has become even more attractive for advisors and their clients given the current geopolitical and macroeconomic uncertainties and their effect on risk and returns.
The new fund will sit in the IA Mixed Investment 20%-60% shares sector and is invested in a broad range of global assets including income-orientated equities, government bonds and short-duration corporate bonds, as well as UK commercial property. This diversification allows the management team to spread risk and increase the universe of investment opportunities. Holding such an assortment of allocations within a single fund eases the administration and reduces the burden of keeping track of numerous investments across a variety of providers.
The strategy for the LF Canlife Managed 20%-60% Fund has been employed for the existing Canlife Managed (20%-60% Shares) Life Fund since 2006. Its allocations run across a number of internally-managed strategies including:
LF Canlife UK Equity Income Fund
LF Canlife Global Equity Fund
LF Canlife UK Property ACS
LF Canlife Global Macro Bond Fund
LF Canlife Corporate Bond Fund
LF Canlife Short Duration Corporate Bond Fund.
“By investing in our own range of actively managed funds, we are able to tap the vast experience of our in-house fund management teams and their long term track records in fixed income, equity and UK property. Investing with them leaves the stock-picking decision makers with the real power to select the best global assets for delivering growth,” says Andrew Morris, Product Specialist at Canada Life Investments.