New funds will offer global exposure and diversification
The Empire Life Insurance Company has augmented its segregated funds offering with the launch of six new options, as well as launching its First Home Savings Account.
The funds – which are under the firm’s Guaranteed Investment Fund (GIF) contract - offer deeper and diversified exposure to global markets and sectors including some of the most innovative, growth-focused companies from around the world, adding to the funds it launched last year.
Two of the new seg funds are sub-advised by Fidelity Investments Canada: Empire Life Fidelity Global Innovators® GIF which targets companies with high return potential that are considered disrupters in their industry and innovators in today's rapidly evolving market; and Empire Life Fidelity Global Balanced Portfolio GIF, an actively managed multi-asset global solution with a neutral mix of 60% equities and 40% fixed income designed to offer growth and income for investors.
"We're excited to offer investors these new segregated funds, leveraging the expertise of a global leader in Fidelity and the collective expertise of several prominent index and ETF providers," says Paul Holba, Senior Vice-President and Chief Investment Officer at Empire Life Investments Inc. "These new additions bolster Empire Life's existing segregated fund lineup to provide investors and their advisors the necessary building blocks to produce diversified portfolios to help reduce risk and build wealth."
The other new launches are: Empire Life U.S. Large Cap Equity Index GIF, Empire Life NASDAQ 100 Index GIF, Empire Life Global Equity Index GIF, and Empire Life International Equity Index GIF.
FHSA launch
Empire Life has also launched its First Home Savings Account, the latest Canadian financial services provider to do so following their introduction in 2023 allowing qualified first-time homebuyers to contribute up to $40,000 tax-free toward the purchase of a first home.
"We recognize a growing number of Canadians share the dream of homeownership," says Geoff Gibson, Vice-President, Investment Product & Marketing. "We're proud to offer the Empire Life FHSA as part of our GIF contract to help advisors support their clients and help them achieve their financial goals."
