(October 31 – 12:35 ET) – Three new portfolio funds are joining the Millennia III family of seg funds. The seg funds are offered by the Imperial Life Assurance Co. of Canada, Laurentian Financial Services and Desjardins caisses. The Millennia III Portfolio Funds are managed by Talvest Fund Management Inc.
Each portfolio — conservative, balanced and growth — includes a mix several fund tailored to an individual’s investor profile. The portfolios offer an optimum fund mix, diversified asset classes and management styles, and a specialized manager for each asset class.
“The originality of Millennia III Portfolio Funds lies in its asset allocation process, one of the strong points of TAL. At least once a year, the composition of the fund is adjusted to respect the long-term goals of investors,” states Barry Teichroeb, vice president, segregated gunds, at Desjardins-Laurentian Life Assurance and the Imperial Life Assurance Co. of Canada.
The Millennia III family now includes three new global funds, also managed by Talvest: Talvest Global Bond RSP Fund; Talvest Global Asset Allocation RSP Fund; and Talvest Global Equity Fund
The Millennia III program allows investors to choose between a “turnkey” option, by selecting the Millennia III Portfolio Fund that matches their profile, or an “à la carte” option, by selecting among the 23 other Millennia III segregated funds, including the three new global funds.
The new partnership with Talvest means that there are now four fund managers that share the management of the 26 Millennia seg funds. In addition to Talvest, the fund managers include Bissett & Associates, Elantis (formerly Canagex) and McLean Budden.
-IE Staff