Addition of three PH&N RBC VisionTM Screened Funds to the Core investment platform
Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans. Sun Life Assurance Company of Canada purchases units of the funds listed below, which are established as segregated funds in accordance with the Insurance Companies Act (Canada).
We’re pleased to announce the addition of three PH&N RBC Vision segregated funds to the Core investment platform, including the Choices (rollover) platform. These segregated funds are: PH&N RBC Vision Canadian Equity, PH&N RBC Vision Global Equity and PH&N RBC Vision Balanced segregated funds (the Funds).
The Funds apply screens to exclude issuers from the investment universe. Specifically, the Funds exclude companies involved in alcohol, tobacco, weapons, gambling, adult entertainment and cannabis. The Funds also exclude companies with the lowest ESG scores according to Morningstar Sustainalytics (independent ESG research firm) and those involved in severe controversies.
The Funds have long performance track records and are actively managed by experienced investment teams at PH&N/RBC Global Asset Management (GAM). In addition to the ESG criteria, these investment teams use fundamental research and a disciplined investment process to select stocks that they believe will outperform over the long-term. As with any investment, it is important to note that there is no guarantee of outperformance.
The addition of the Funds represents Sun Life’s commitment to offer plan sponsors and members with diverse investment options.
The Funds complement the existing PH&N RBC VisionTM fossil fuel free funds, which are already available on our investment platform.
Although Screened funds are available as options on our platform, the primary focus of our sustainable investment strategy (as well as plan sponsors’ investment line-ups) continues to be on the integration of ESG factors within the investment process and portfolio construction of traditional investments.
|
PH&N RBC Vision Canadian Equity |
PH&N RBC Vision Global Equity |
PH&N RBC Vision Balanced |
|---|---|---|---|
Inception Date |
October 2002 |
September 2014 |
August 2003 |
Investment Objective |
To provide long-term capital appreciation through investment primarily in equity securities of Canadian corporations and follows a socially responsible approach to investing. |
To achieve long-term capital growth by investing primarily in equity securities of companies throughout the world and follows a socially responsible approach to investing. |
To provide long-term capital growth, with a secondary focus on modest income. The fund invests primarily in Canadian, U.S. and international equities and fixed-income securities. The fund follows a socially responsible approach to investing. |
Number of holdings |
100 |
30-70 |
115 |
Benchmark |
S&P/TSX Capped Composite Index |
MSCI World Index |
2% FTSE Canada 30-Day T-Bill, 13.25% FTSE Canada Universe Bond, 24.75% FTSE World Government Bond (CAD Hedged), 15% S&P/TSX Capped Composite Total Return & 45% MSCI World Total Return Net (CAD) |
About PH&N / RBC Global Asset Management
Phillips Hager & North Investment Management (“PH&N”) was founded in 1964. Royal Bank of Canada (RBC) acquired PH&N in 2008. In 2010, the firm was amalgamated with RBC Asset Management Inc. to form RBC Global Asset Management (RBC GAM Inc.), an indirect, wholly owned subsidiary of RBC. As of September 30, 2024, PH&N managed approximately CAD$140 billion in assets.
Do you have to take any action?
You don’t need to take any action. You may consider whether the new funds would be a suitable addition to your lineup.
Questions?
Please contact your Sun Life Group Retirement Services representative (In Quebec, registered as a Group annuity plans advisor).