Re-opening of CC&L Canadian Small Cap Segregated Fund on 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 fund listed below, which is established as a segregated fund in accordance with the Insurance Companies Act (Canada). 

Plan sponsors don't have to take any action, as a result of this update.

On May 1, 2025, the CC&L Canadian Small Cap Segregated Fund (the Fund) is again available to clients who don’t already offer it in their line-ups. Connor Clark & Lunn (CC&L) had closed the Fund to new clients in 2014 in order to control capacity and has since re-opened it.

About the Fund

The CC&L Canadian Small Cap Segregated Fund’s objective is to maximize long-term total return through prudent investment in Canadian small capitalization stocks. CC&L employs a core approach investing on the basis of Growth At a Reasonable Price (GARP) which is implemented through a disciplined investment process. The process is a combination of top-down research integrated with a fundamental bottom-up approach to security selection. The benchmark for the Fund is 60% S&P/TSX Small Cap & 40% S&P/TSX Completion Index. 

Background

CC&L decided to close the Fund to new clients in 2014 to manage capacity. This didn’t affect plan sponsors who were offering the Fund, and contributions continued within these plans. CC&L has recently re-opened the fund to new clients.

It’s important to note that GRS’ investment governance activities for the Fund have continued without interruption. 

Do you have to take any action?

You don’t need to take any action. You may consider whether the fund would be a suitable addition to your lineup. If you already offer the Fund in your plan, there is no impact to you.