Insurers open low-volatility seg funds

Great-West Life, London Life and Canada Life are introducing segregated funds designed to reduce volatility for retirees.

Global Low Volatility (ILIM): Uses a selection of stocks from around the world aimed to reduce the impact from volatile market contractions in global equity markets.

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Canadian Low Volatility (London Capital): Aims to give Canadian equity investors a diversified risk-controlled fund.

U.S. Low Volatility (Putnam): Provides exposure to U.S. assets while aiming to curb volatility.

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They were developed with certain people in mind: retirees, who are often seeking higher returns with lower risks over time; or those who are seeking to diversify equity. These low-volatility funds are available in individual segregated funds and group retirement savings plans.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.