Sun Life Global Investments, Picton Mahoney Collaborate to Launch Two New Segregated Funds

Sun Life Financial Inc. (NYSE:SLF) is one of the best value stocks to invest in now. On October 8, Sun Life Global Investments/SLGI announced a collaboration with Picton Mahoney Asset Management (or simply PICTON Investments). The partnership introduces two new segregated funds, the Sun PICTON Income Fund and the Sun PICTON Balanced Fund, which will be available as investment options under certain series of SLGI’s Guaranteed Investment Fund products.

Sun Life Global Investments is a trade name of SLGI Asset Management Inc., Sun Life Assurance Company of Canada, and Sun Life Financial Trust Inc., all of which are members of the Sun Life group of companies. This collaboration is an industry-first, as it marks the first time that PICTON Investments’ funds will be used as underlying investments in segregated funds.

This launch is part of a broader expansion of SLGI’s segregated fund lineup, which also includes six new index-tracking ETF segregated funds for cost-effective investment solutions with competitive Management Expense Ratios/MERs, and two new segregated funds investing in two globally recognized fixed income mandates (the PIMCO Monthly Income Fund and the Sun Life MFS Global Core Plus Bond Fund).

Sun Life Financial Inc. (NYSE:SLF) is a financial services company that provides asset management, wealth, insurance & health solutions to individual & institutional customers in Canada, the US, the UK, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda.

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Disclosure: None. This article is originally published at Insider Monkey.