Canada Life Investments is pleased to announce that today it is launching the LF Canlife Diversified Monthly Income Fund, a diversified portfolio of income-generating assets which include global company shares, international government and corporate bonds as well as property. The launch reflects the rising demand for income drawdown choices as people increasingly take more control of their retirement savings and traditional income strategies become more challenging partly due to the long-lasting low interest rate environment.
“The Fund invests in a broad range of securities which in our opinion provide well-supported and growing distributions together with prospects for capital preservation and growth,” says Craig Rippe, Canada Life Investments’ Head of Multi-Asset and Manager of the new Fund. He explains that the Fund’s aim is to provide income on a monthly basis with the prospect for long-term growth by pursuing what the portfolio management team deems the most attractive income opportunities.
Andrew Morris, Product Specialist at Canada Life Investments, also notes how the Fund, which sits in the IA Mixed Investment 20-60% Shares sector, complements the firm’s expanding range of multi-asset solutions. “Contributing to Craig’s multi-asset expertise is the fact that he is able to tap the vast experience of our internal fund management teams and their long-term track records in fixed income, equity and property.” Morris adds: “The increased flexibility for taking income at retirement has prompted more people to consider new solutions and this Fund aims to provide investors with both monthly income and the prospect of long-term capital growth.”