May 19, 2023

The Investment Manager Research (IMR) team oversees the investment managers of Canada Life’s mutual and segregated funds. They monitor, evaluate and rate the funds and their investment managers. This helps to ensure the investment managers and funds on our platform are relevant and competitive, so you can feel confident you’re providing the right investment solutions to your clients.

J.P. Morgan Asset Management announced that effective March 31, 2023, James Andrew (Global Sector Specialist covering consumer services), has joined the portfolio management team for the International Growth strategy, working alongside portfolio managers Shane Duffy (Lead) and Tom Murray. Andrew has worked closely with Duffy and Murray since joining the Global Sector Specialist team in 2007. At that time, Duffy became the lead portfolio manager of the International Growth strategy, transitioning his Global Sector Specialist responsibilities to Andrew. Andrew will continue to cover the Consumer Services sector. 

With the exception of the changes above, the portfolio management team that has been responsible for the International Growth strategy is still in place. The IMR team sees this as adding bench strength to the team. We’ll continue to monitor the fund as a result of this announcement. 

The fund’s benchmark, fee, investment objective and style remain unchanged and no action is required.

J.P. Morgan Asset Management is the brand for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide. JP Morgan Asset Management (Canada) Inc. is the sub-advisor to the funds mentioned herein. J.P. Morgan Asset Management is not affiliated with Canada Life.

The views expressed in this update are current as of May 19, 2023 and are subject to change without notice. This update is presented only as a general source of information and is not intended as a solicitation to buy or sell specific investments, nor is it intended to provide tax or legal advice.

These funds are available through a segregated funds policy issued by The Canada Life Assurance Company or as a mutual fund managed by Canada Life Investment Management Ltd. offered exclusively through Quadrus Investment Services Ltd. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. A description of the key features of the segregated fund policy is contained in the information folder. Any amount allocated to a segregated fund is invested at the risk of the policyowner and may increase or decrease in value.

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