Empire Life expands digital applications to seg funds

Quebec City-based Industrial Alliance Insurance and Financial Services Inc. (iA Financial Group) is expanding its lineup of segregated funds, with the launch of four new global funds and a family of five global index portfolios.

iA Financial Group announced on Monday the introduction of two new funds in partnership with its Kelowna, B.C.-based subsidiary Forstrong Global Asset Management Inc., as well as two new funds in partnership with Toronto-based Fidelity Investments Canada ULC.

Global Diversified Fixed Income Fund and Global Diversified Equity Fund are both managed by Tyler Mordy, president and CEO of Forstrong. Mordy analyzes growth and income opportunities within a wide range of asset classes, sectors, countries and currencies, to ensure strategic portfolio diversification.

iA Financial Group also introduced Fidelity Global Monthly Income Fund and Fidelity Global Concentrated Equity Fund.

Fidelity Global Monthly Income Fund provides exposure to equities and fixed-income securities, as well as other asset classes not easily available to individual investors. The principal portfolio managers are Geoff Stein and David Wolf.

Fidelity Global Concentrated Equity Fund, managed by portfolio manager Patrice Quirion, holds a concentrated portfolio of securities selected by Quirion.

“These new funds are an excellent complement to a portfolio by encouraging global exposure, thereby making it possible to manage risks overall,” said Manon Gauthier, senior vice president, individual savings and retirement at iA Financial Group, in a statement.

iA Financial Group is also launching a new family of five low-cost global index portfolios, called the Indexia funds, which are comprised of recognized stock indexes. The five funds include Indexia Prudent, Indexia Moderate, Indexia Balanced, Indexia Growth and Indexia Aggressive.

The new Indexia funds have a management expense ratio of 1.95% (in Classic Series 75/75). They are managed passively, with monthly rebalancing.

“These funds are additional solutions put forth by iA Financial Group to meet the needs of advisors and their clients in reaching the latter’s savings objectives,” said Gauthier in a statement.

All of the new funds are immediately available for investment in the IAG Savings and Retirement Program Classic Series 75/75 and 75/100, as well as the Prestige series, which offer preferential pricing to investors who have a significant volume of assets.

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