Insurance industry

Great-West Life Expands Segregated Funds Options for Canadians

Strategic Insights

Sep 27, 1995 — 1 min read

The Great-West Life Assurance Company has announced an agreement with four leading financial institutions to provide investment management for 16 new segregated funds. This expansion will bring the total number of segregated funds offered by Great-West Life to 29, solidifying its position as the leading provider of segregated funds in Canada. The new funds will be marketed by Great-West Life's representatives starting January 1, 1996, subject to regulatory approval.

Key Takeaways:

Great-West Life has entered an agreement with Mackenzie Financial Corporation, AGF Management Limited, Sceptre Investment Counsel Limited, and Beutel, Goodman & Company Ltd. to provide investment management for 16 new segregated funds.
The new funds will be marketed by Great-West Life's representatives starting January 1, 1996, subject to regulatory approval.
This expansion will bring the total number of segregated funds offered by Great-West Life to 29.
The new funds will provide a more diverse range of investment choices for Great-West Life clients, allowing them to better match their goals with their investment choices and minimize risk.
Great-West Life's investment management subsidiary, GWL Investment Management Ltd., manages $3.3 billion in assets for Canadian clients.
Murray Taylor, Vice-President of Individual Marketing for Great-West Life, stated that the new funds will enable clients to make more informed investment choices.

Statistics:

16 new segregated funds will be managed by the agreement.
The total number of segregated funds offered by Great-West Life will be 29.
$3.3 billion in assets are managed by GWL Investment Management Ltd. for Canadian clients.
Great-West Life has a similar agreement with Putnam Investments for its international funds.

Sources:

BUSINESS WIRE, Sept. 28, 1995
Mackenzie Financial Corporation (phone number: (416) 922-5322)
AGF Management Limited (phone number: (416) 922-5322)
Sceptre Investment Counsel Limited (phone number: (416) 922-5322)
Beutel, Goodman & Company Ltd. (phone number: (416) 922-5322)

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