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The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Discover the new Canada Life

The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Discover the new Canada Life

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Canada Life Investment Management Ltd. makes changes to its mutual fund line-up

Fund line-up evolving through fund name changes, reopening and risk rating changes

London, ON July 18, 2023 – Today, Canada Life Investment Management Ltd. (CLIML) announced changes to its mutual fund line-up, including renaming funds, reopening three funds to purchases and changing risk ratings. These changes aim to offer a more cohesive, relevant mutual fund shelf for advisors and their clients.

Mutual fund name changes

Effective July 18, 2023, CLIML is continuing to streamline the names of its mutual fund line-up by re-naming 12 funds, which includes removing the Pathways brand. This simplified naming convention better aligns these funds with the rest of the Canada Life mutual fund shelf and helps make it easier for advisors to navigate. The re-named funds are listed below:

New name

Old name

Canada Life Canadian Core Fixed Income Fund​

Canada Life Pathways Core Bond Fund

Canada Life Canadian Core Plus Fixed Income Fund​

Canada Life Pathways Core Plus Bond Fund​

Canada Life Global Core Plus Bond Fund​

Canada Life Pathways Global Core Plus Bond Fund​

Canada Life Global Multi-Sector Bond Fund​

Canada Life Pathways Global Multi Sector Bond Fund​

Canada Life Canadian Concentrated Equity Fund​

Canada Life Pathways Canadian Concentrated Equity Fund​

Canada Life U.S. Concentrated Equity Fund​

Canada Life Pathways US Concentrated Equity Fund​

Canada Life International Value Fund​

Canada Life Pathways International Equity Fund​

Canada Life International Concentrated Equity Fund​

Canada Life Pathways International Concentrated Equity Fund​

Canada Life Emerging Markets Large Cap Equity Fund​

Canada Life Pathways Emerging Markets Large Cap Equity Fund​

Canada Life Emerging Markets Concentrated Equity Fund​

Canada Life Pathways Emerging Markets Equity Fund ​

Canada Life Global Tactical Fund​

Canada Life Pathways Global Tactical Fund

Canada Life U.S. All Cap Growth Fund​

Canada Life US All Cap Growth Fund​

 

 

Reopening select mutual funds

CLIML is committed to ensuring its product shelf remains relevant and competitive through changing market conditions. That’s why today, it’s reopening all series of three mutual funds to purchases. These funds are:

Fund name

Canada Life Canadian Core Plus Bond Fund

Canada Life Emerging Markets Equity Fund

Canada Life Precious Metals Fund

 

Risk rating changes to select mutual funds

Effective immediately, the risk rating for the following mutual funds will change. All other fund details remain the same.

Funds with an increased risk rating:

Fund name

Previous Risk Rating

New Risk Rating

Canada Life Canadian Focused Dividend Fund

Low-to-medium

Medium

Canada Life Canadian Dividend Fund

Low-to-medium

Medium

Canada Life Canadian Focused Growth Fund

Low-to-medium

Medium

Canada Life Global Dividend Fund

Low-to-medium

Medium

Canada Life Emerging Markets Equity Fund

Medium

Medium-to-high

Fund with a decreased risk rating:

Fund name

Previous Risk Rating

New Risk Rating

Canada Life Global Low Volatility Fund

Medium

Low-to-medium

CLIML reviews its funds’ risk ratings at least annually, as well as when a fund undergoes a material change, in accordance with the investment risk classification methodology mandated by the Canadian Securities Administrators.

The above changes are the result of an annual review and are not a result of any changes to the investment objectives, strategies, or management of any of the funds.

About Canada Life Investment Management Ltd.

Canada Life Investment Management is an investment management firm offering wealth management products and services for individuals, families and business owners. The funds are sub-advised by leading asset managers, providing access to specialized investment expertise from around the world. CLIML is a subsidiary of The Canada Life Assurance Company. Learn more.

Fore more information contact:

Liz Kulyk

AVP, Media & Public Affairs

The Canada Life Assurance Company

204-391-8515

Media.relations@canadalife.com

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