(February 7 – 10:20 ET) – Transamerica Life Canada is launching GROWSafe3, a new family of guaranteed investment funds today.

The new fund lineup will include 14 individual GROWSafe3 GIFs from both Transamerica Life Canada and the former NN Life. The new fund series will be managed by Transamerica Life Canada’s in-house investment management team and will be made available for sale immediately.

The funds will offer a choice of 75% or 100% guarantees, up to two reset options per year, and the potential for creditor protection and estate planning benefits.

Five of the new GROWSafe3 funds will be actively managed by Transamerica Investment Management Services (Canadian Money Market, Canadian Bond, Canadian Balanced, Canadian Equity and US Equity). Transamerica follows a growth-oriented investment style, selecting concentrated portfolios of companies with the potential for significant earnings momentum.

Nine new index funds will provide global exposure with the option to choose a currency-exposed or currency-neutral investment (Canadian Large Cap, US Large Cap, US 21st Century, Asian, and European Indexes, with currency-neutral options on the four foreign funds).

Transamerica is the undisputed leader in segregated index funds with about 65% of the Canadian segregated fund industry assets. Lauren Bradley, vice president, investment products marketing for Transamerica, said that the 14 underlying GROWSafe3 GIFs will be complemented by four proprietary asset allocation GIFs and four underlying mutual fund asset allocation portfolios.

“These portfolios have been designed to provide maximum protection at a reasonable cost,” she said. “Our goal with the entire GROWSafe3 product line is to allow advisors to help their clients build a customized investment portfolio, tailoring the investment strategy and risk elements to their individual needs. In our opinion, these funds represent the next step in the evolution of segregated funds, offering consumers a range of investment and protection options.”
-IE Staff