Maritime Life announced the addition of 14 new segregated funds to its line up today.

Twelve of the 14 new funds are former Royal & SunAlliance Financial funds, acquired by Maritime Life when it purchased Royal & SunAlliance Financial on Oct. 1, 2001.

Toronto-based money management firm, Agilerus Investment Management Ltd. will continue to manage the Canadian Dividend Fund, the Canadian Small Cap Fund, the Income Fund, the Managed Fund, and the Value Equity Fund.

The remainder of the former RSAF funds will be managed by Putnam Investments, Seamark Asset Management Ltd., Yield Management Group and Maritime Life.

Boston-based Putnam Investments will manage the International Equity Fund and Halifax-based Seamark Asset Management Ltd. will oversee the US Equity Fund. Toronto-based YMG will oversee management of the Canada 60 Index Fund and the US 500 Index Fund. YMG currently manages Maritime Life’s Europe, EurAsia and S&P 500 Index Funds.

Maritime Life will manage the Simplicity Plus Portfolios, which are strategic asset allocation funds that will invest in a number of Maritime Life segregated funds.

The remaining two new fund options, AIM RSP International Growth Fund and Trimark RSP Global Balanced Fund, are being offered in partnership with AIM Funds Management Inc.

Most of these funds will qualify for Maritime Life’s Guaranteed Death Benefit feature and most of the new funds are backed by Maritime Life’s Stock Market Guarantee and Automatic Daily Reset. The Canadian Small Cap Fund, the International Equity Fund, and the AIM RSP International Growth Fund do not qualify. They all offer a 75% maturity guarantee.