now. 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. As Filipinos, we are hardworking and resourceful with our money. A 25 year-old man who plans to retire at age 65 will likely choose a fund dated 40 years out. 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. Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans. U.S. equity will go from 33.3% to 35.0%, and international equity plus emerging markets from 33.3% to 35.0%. Available in Target Date, Multi-Risk Target Date, Target Risk and Income strategies—all Granite funds offer broad diversification with … Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans. Learn more about privacy and how we collect data to give you relevant content. Extensive coverage and expert comment on important topics in the financial advisory industry. Plan members expecting to retire around the year 2060 may benefit from this new fund. Each of the Funds’ respective benchmarks have been modified effective April 1, 2020 to reflect the above-mentioned changes. BlackRock Asset Management Canada Limited (BlackRock) has added a 2060 fund to its LifePath® target date fund suite. 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. Escape will cancel and close the window. 1,572 total views, 3 views today. Designed for investors who anticipate retiring in or within a few years of the portfolio’s target retirement year at or around age 65. Our Target Retirement Funds simply ask you to choose a fund based on your expected retirement date, and then we take it from there. First, they have to grow savings by managing decades of risks and returns. 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. Partnering with Sun Life for a Brighter Future. But target-date funds – which invest across several asset types, in different allocations, as you age – do it all for you. Changes to the Beutel Goodman Fixed Income team – April 4, 2016. 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. 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. For assistance on which fund suits you best, talk to your Sun Life Financial Advisor or email us at sunlink@sunlife.com. I understand I can unsubscribe at any time and acknowledge that this email address belongs to me. Sign-in help Beginning of dialog window. A TDF automatically resets the asset mix of stocks, bonds and cash equivalents in your portfolio in relation to a selected date closest to the date you plan to retire. 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 . 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. - (9:54) A case study of the benefits of plan design changes - (11:38) Sun Life… An index fund has operating and other expenses while an index does not. As the target As of March 2020, assets in target-date mutual funds and collective investment trusts totaled approximately $1.9 trillion. For example, a younger worker hoping to retire in 2065 would choose a target-date 2065 fund, while an older worker hoping to retire in 2025 would choose a target-date 2025 fund. 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. With our LifeStrategy Funds you assume more responsibility. 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 The Sun Life Granite funds are a suite of multi-manager solutions designed to help plan members save for their retirement. The mix of individual securities in each fund may also vary considerably. Here’s how we can help you. Rankings. Past performance is no guarantee of future results. These are target-date funds that mature in 2030 or earlier and after 2025. Sun Life Capital Management (Canada) Inc. (“SLC”) is the sub-advisor of the core plus bond fund. Funds appeal to customers looking for simple solutions for workplace retirement savings plans. - (5:16) Why are we seeing so much cash flow going into target date funds? 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. Take charge of retirement savings by learning the pros and cons of target-date funds, also called life-cycle funds, and how they fit into your portfolio. Sun Life Granite Enhanced Income Portfolio . Fund Following the 2020 review, SLGI has announced the following changes to the three fund series. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers. Following the 2020 review, SLGI has announced the following changes to the three fund series. Target date funds are ideal for addressing a financial goal slated for a future date, such as retirement or funding a child’s education. 40% Equity / 60% Fixed Income Low to Medium Risk. Copies of the revised SIP&Ps are available on Sun Life’s Plan Sponsor Services website at SunLife.ca/sponsor. 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. 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. 50% Equity / 50% Fixed Income Low to Medium Risk. The respective maturity dates for the Sun Life Milestone Funds is June 30 of the year in the corresponding fund's name. Awards and recognition we’ve received. 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. As of July 20, 2020, Sun Life Global Investments (Canada) Inc. changed its name to SLGI Asset Management Inc. The principal value is not guaranteed at any time, including at the target date. The GRS Investment Solutions team has reviewed the changes with SLGI and is comfortable with them. These are target-date funds that mature in 2030 or earlier and after 2025. 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). Life-cycle funds are also known as "age-based funds" or "target-date retirement funds." I understand I can unsubscribe at any time and acknowledge that this email address belongs to me. It seeks to do this by investing primarily in a diversified portfolio of global fixed income securities. - (6:06) How target date funds can help members navigate market volatility - (8:21) What can plan sponsors do? 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. And we follow them, wherever we do business. SLGI anticipates that the broader credit exposure may help enhance yield and diversification. 2060 fund added to the BlackRock LifePath® Index Target Date Fund suite. Are you an advisor? Neither asset allocation nor diversification ensures a profit or guarantees against loss. 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 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. Specifically, SLGI has replaced all current investments in the Templeton Global Bond Fund with the Sun Life Opportunistic Fixed Income Fund. You should review your retirement projections with your financial advisor annually to ensure they are still realistic. Wellington is one of the largest fund managers in the world with over $US 1 trillion in AUM. I understand I can unsubscribe at any time and acknowledge that this email address belongs to me. To reach your destination successfully, you have to invest your money effectively over time. The target date in the funds name is the approximate date an investor plans to start withdrawing money. As long as they remain invested in the fund until maturity, they will receive a guaranteed maturity value. You can buy some of our insurance products online. Data privacy principles. Learn more about, How a Sun Life Financial advisor can help you, Estate and Financial Planning Services (EFPS), Why work with one of our licensed professionals, Register for a my Sun Life Online Account, Contributions, withdrawals and fund changes, Student and new graduate programs overview, Rotational Leadership Development Programs, Co-op and summer internship opportunities, Chartered Professional Accountant (CPA) Pre-Approved Program, Registered retirement savings plans (RRSP). Please select your language preference on the right hand side. Target-date funds work by rebalancing the asset allocation throughout the fund’s life until it hits the target date. The Opportunistic Fixed Income Fund is sub-advised by Wellington Management Canada ULC, a subsidiary of Wellington Investment Advisors Holdings LLP (“Wellington”). Make well-informed decisions with helpful advice. Driving innovation. This allows for an increase in the non-Canadian equity allocation. Our commitment to managing Client data . The objective is to enhance return consistency relative to the broad global bond benchmark. By signing in, you agree to these terms and conditions. To know more about these funds, consult a Sun Life Financial Advisor, visit http://www.sunlifefunds.com/, or call 849-9888. Whether you decide to invest all or part of your retirement savings in a target-date fund is a personal decision. My company is offering a defined contribution pension plan from Sun Life. 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. Higher returns with target date funds *Includes all Target Date Funds offered on the Sun Life Group Retirement Services investment platform. The Wellington Fund’s investment objective is to seek long-term capital appreciation and income. 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). The fund invests in inflation-linked bonds opportunistically, to preserve capital at different points in the economic cycle. Articles. Target date funds focus on a goal, such as retirement, and have asset mixes that change throughout the life of the fund. Download it today. When logged in, under the Administration and reporting tab, select Group Retirement Services, then on the top navigation menu select Investments > Governance reports. Investing in a TDF ensures you have a professionally managed and diversified portfolio. 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. LSC will close in 2022 for the 2025 fund. © Sun Life Assurance Company of Canada. 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. The Sun Life Prosperity Funds are built with the Filipino investor in mind. 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. 7 Wall Street analysts have issued ratings and price targets for Sun Life Financial Inc. (SLF.TO) in the last 12 months. Help limit the spread of COVID-19 with the COVID Alert app from the Government of Canada. They include: The Code of Conduct that tells every Sun Life employee and advisor how we expect them to act; Disciplined and well-ordered risk management systems First, they have to grow savings by managing decades of risks and returns. They may also soften the downside of tough markets - especially as retirement appears on the horizon. This is done through the Sun Life Private Fixed Income Plus and Canadian Commercial Mortgage Funds (also sub-advised by SLC). We’re here to support you through COVID-19. TORONTO, Aug. 6, 2020 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced its results for the second quarter ended June 30, … 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. 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. BlackRock Asset Management Canada Limited (BlackRock) has announced an update to the maturity process for the BlackRock LifePath® Index 2020 Fund (LifePath 2020 Fund). 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. The first challenge with target-date funds is that all funds are not created equal. Vanguard offers mutual funds for target retirement dates for every five years from 2020 to 2065. Find out which funds work best for you and your goals. Talk to your advisor or find one near you - there is no cost to talk to an advisor. The target date fund choice for 20% of Fortune 100 companies * “On the forefront of the target-date industry” according to Morningstar; Target date funds have more than one job to do. The popularity of target-date funds was sparked by the Pension Protection Act signed by President Bush in 2006. Target date funds have more than one job to do. But that’s only the first step on the road to achieving your retirement savings objectives. While his contributions may initially be heavily weighted towards equities, the asset mix will shift over the course of his career. I am currently 27 years old. Following a glide path, the Fund … Investment news and analysis for financial advisers. You may discover that you need to contribute more or work longer to finance the standard of living you’re looking for in retirement. Since then, the company has guided investors through every market condition on record. 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. 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. Sheryl Smolkin is a lawyer who writes about workplace pensions and benefits. 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. © Sun Life Assurance Company of Canada. Introducing The Merriman Ultimate Target-Date Portfolios Target Date Funds: America’s #1 Retirement Investment. 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. SLGI has reduced the exposure to large cap Canadian core equities in the funds from 33.3% to 30.0%. Sun Life Global Investments adds new 2060 funds to Granite Target Date and Multi-Risk Target Date Fund series. Learn more about privacy and how we collect data to provide you with more relevant content. It has been managing investments since 1928. From humble beginnings in Boston to what's now a global footprint that stretches from São Paulo, Brazil to Sydney, Australia, MFS has spent nearly a century honing its collaborative investment process to build better insights for clients. MFS was founded in 1924. Sun Life Granite Income Portfolio. A TDF may also give you access to niche asset classes that may reduce portfolio volatility, such as infrastructure and real estate. As the fund nears the target date, it gradually gets more conservative, shifting from a larger allocation in stocks and into bonds and cash. including Fidelity funds, certain third-party funds and products, and certain investment services. Despite having a common maturity date, TDFs can have significant differences. The Sun Life Prosperity Achiever Funds will officially be launched to the investing public in January 2019. 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. At Sun Life, we’re proud to see the results of our commitment to excellence around the world. Whether you decide to invest all or part of your retirement savings in a target-date fund is a personal decision. 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. Videos. Register 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). 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