(May 3 – 11:30 ET) – Ten new funds managed by McLean Budden and Bissett & Associates, will be added to the Millennia III group of Segregated Funds.
“We are very proud of this alliance with these two portfolio managers who have a remarkable track record for the excellence and consistency of the rates of return of their funds,” said Louise Turgeon, Director of Merchandising for Segregated Funds at Desjardins-Laurentian Life Assurance and the Imperial Life Assurance Company.
Six funds managed by McLean Budden will be added to the Millennia III family of funds on April 17: Fixed Income Fund; Balanced Growth Fund; Canadian Equity Value Fund; Canadian Equity Growth Fund; American Equity Growth Fund; International Equity Growth Fund.
Four funds managed by Bissett & Associates will be added: Bond Fund; Dividend Income Fund; Canadian Equity Fund; Small Cap Fund.
Millennia III Funds (www.millennia.ca) are established by Imperial Life Assurance Company of Canada, a sister company of Desjardins-Laurentian Life Assurance. They are available in Quebec through more than 2000 financial security advisors of Laurentian Financial Services and in Caisse Desjardins. In other Canadian provinces, they are offered by more than 1000 representatives of Connexus and Imperial Financial Services networks, as well as by Imperial Life’s Finactive virtual network.
The company has also launched segregated funds — Millennia III New Era — which it says eliminate inflation-related risks and preserve the clients’ purchasing power. It is also the only one of its kind to offer a combination of guarantees at various stages of the contract.
“The New Era contract is unique in Canada because it recognizes that true capital protection requires more than a 100% guarantee – it requires a guarantee adjusted for inflation. Better still, it offers the best value guarantee possible by automatically adjusting the guaranteed value annually. The new guaranteed value is the higher of the inflation-adjusted value, the
market value or the guaranteed value of the preceding adjustment,” specifies Barry Teichroeb, vice president of Segregated Funds at Desjardins-Laurentian Life Assurance and the Imperial Life Assurance Company of Canada.
-IE Staff