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Canada Life launches Canada's first sustainable target date funds

·2 min read

A first of their kind in the Canadian group plan marketplace, the target date funds aim to deliver both performance and responsible investing benefits

WINNIPEG, MB, Dec. 7, 2021 /CNW/ - Canada Life today announced the launch of a new suite of sustainable target date funds, making it easier for Canadians to invest responsibly.

A first of their kind in the Canadian group plan marketplace, the target date funds aim to deliver both performance and responsible investing benefits. (CNW Group/Canada Life)
A first of their kind in the Canadian group plan marketplace, the target date funds aim to deliver both performance and responsible investing benefits. (CNW Group/Canada Life)

Canada Life Sustainable Target Date Funds are the first of their kind in the Canadian group plan marketplace and exclusive to Canada Life. They seek to invest in companies that demonstrate strong environmental, social and governance (ESG) practices.

"We recognize our members are looking to invest in a way that aligns with their values, without sacrificing returns," said Brad Fedorchuk, Executive Vice-President, Group Customer, Canada Life. "These funds capitalize on the demand for target date funds that are simple, yet sophisticated, while giving plan sponsors and members sustainable investing options to help members meet their retirement savings goals."

Fedorchuk added that this is just one way Canada Life is affirming its commitment to responsible investing, while helping Canadians meet their financial planning needs.

Canada Life Sustainable Target Date Funds are sub-advised by J.P. Morgan Asset Management (J.P. Morgan), a leader in responsible investing. J.P. Morgan's depth of experience in multi-asset investing, combined with the firm's extensive resources dedicated to ESG analysis, makes them the ideal sub-advisor to deliver the right expertise for these portfolios.

Canada Life Sustainable Target Date Funds are segregated funds available through a group variable annuity policy issued by The Canada Life Assurance Company. Any amount allocated to a segregated fund is invested at the risk of the customer and may increase or decrease in value.

About The Canada Life Assurance Company
Canada Life is a leading insurance, wealth management and benefits provider focused on improving the financial, physical and mental well-being of Canadians. For more than 170 years, individuals, families and business owners across Canada have trusted us to provide sound guidance and deliver on the promises we've made.

On January 1, 2020, Great-West Life, London Life and Canada Life became one company – Canada Life, and today, we proudly serve more than 12 million customer relationships from coast to coast to coast.

Follow us on Facebook, Twitter, Instagram, YouTube and LinkedIn.

SOURCE Canada Life

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View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2021/07/c6423.html

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