Canlife Managed Distribution Fund among offers

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Canlife Managed Distribution Fund among offers

Mon 20th Mar 2006

The Canlife Managed Distribution Fund has been announced today with the aim of balancing income and capital growth by investing primarily in fixed interest securities, UK commercial property and UK equities.

Canada Life has proposed that 45 per cent of the fund's assets will be comprised by UK equities, 40 per cent by fixed interest and cash units and 15 per cent by UK property.

It is intended that the allocation of the Canlife Managed Distribution Fund will be achieved through investment in the Canlife Income Fund, the Canlife UK Property Fund and the Canlife Corporate Bond Fund.

An Index Linked fund was also announced, which will offer protection against inflation, according to the company, by investing mainly in index linked bonds and bonds issued in non-UK currencies.

Alain Wolffe, executive director of Canada Life wealth management, said: "Our research shows that many advisers like to use index linked funds as a core holding, particularly for their older, more risk averse clients."

The Canlife Managed Distribution Fund and Index Linked Fund have investment management fees of 0.281 and 0.2 per cent per year respectively.

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