Sun Life Global Investments (Canada) announced on March 13 that the Sun Life Multi-Strategy Target Return Fund will become Sun Life Opportunistic Fixed Income Fund, subject to unitholder approval. A change to the fund’s investment objective has also been proposed.
This new objective is to seek long-term capital appreciation and income by investing primarily in a diversified portfolio of global fixed income securities, says SLGI. The unitholder vote on the proposed name and investment objective change will take place on or about May 17, 2019.If approved, the investment objective change will take effect as of on or about May 24.
SLGI also announced that if the proposed change to the investment objective is approved, the fund's sub-advisor will change from Aviva Investors Canada to Wellington Management Canada ULC.
If unitholders do not approve the proposed investment objective change, the fund will be closed to new purchases on May 17, 2019, and terminated as of June 17, 2019, said SLGI.