Sun Life Global Investments (Canada) Inc. announced on Oct. 31 that it has terminated Sentry Investments Inc. as the sub-advisor to Sun Life Sentry Infrastructure Fund.
It has also given the fund a new name – the Sun Life Infrastructure Fund. The changes are effective as of today, Nov. 1.
In an announcement, Sun Life Global Investments said it took these measures due to “unexpected portfolio manager changes at Sentry following the firm’s acquisition by CI Financial Corp.”
The fund's investment objectives and strategies remain unchanged.
State Street Global Markets Canada Inc. has been appointed interim sub-advisor to the fund, while Sun Life Global Investments looks for a replacement for Sentry.
“As with any acquisition scenario that involves our partners, Sun Life Global Investments is monitoring the integration progress between CI and Sentry for any further changes that may be required,” stated the company.