Canada Life is launching two funds focusing in gilts and bonds, and cash-based investments.
The low-risk Canlife Gilt and Bond fund will invest primarily in government gilts and investment grade corporate bonds. The Canlife Defensive Cash Plus fund will focus on creating higher returns than that available in cash funds - over a three to five year period - by investing mainly in cash-based investments and fixed interest securities.
Alain Wolffe, managing director of Wealth Management at Canada Life, says: "The funds have been developed in response to demand from customers for a wide selection of low risk investment options in the current market environment."
The funds increase Canada Life's fund offerings to 117, and are available across the company's onshore range of life and pension products.Investment Week
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From 6 April 2019