Sun Life Global Investments reduces management fees for Sun Life Dynamic Equity Income Fund and Sun Life Dynamic Equity Income Class and makes changes to product line-up

TORONTO, July 24, 2015 /CNW/ - Sun Life Global Investments (Canada) Inc. announced that effective July 29, 2015, it will implement management fee reductions for several series of Sun Life Dynamic Equity Income Fund and Sun Life Dynamic Equity Income Class.

The management fees for Series F and O of Sun Life Dynamic Equity Income Fund and Sun Life Dynamic Equity Income Class will be reduced from 0.85 per cent to 0.75 per cent.

Series F units are available to investors who have a fee-based account with their dealer. Series O units are available within the Private Client program to investors who meet the minimum requirements. For a full list of investment requirements, please read the simplified prospectus or visit www.sunlifeglobalinvestments.com.

Also effective July 29, 2015, the investment strategy of Sun Life MFS Canadian Bond Fund will be changed to permit the Fund to invest at least 70% of the Fund's assets in debt instruments rated BBB and above, rather than limiting the investments to debt instruments rated above BBB. This change will provide MFS Investment Management Canada Limited, the sub-advisor of the fund, more opportunity to take advantage of their deep credit analysis.

The investment strategy of the Sun Life Dynamic Strategic Yield Fund will be changed on or before September 30, 2015. The fund will no longer achieve its investment objectives by investing all of its assets in units of Dynamic Strategic Yield Fund and instead will invest directly in a diversified portfolio of fixed income and income-oriented equity securities. Sun Life Dynamic Strategic Yield Class will continue to achieve its investment objectives by investing in units of Sun Life Dynamic Strategic Yield Fund. The change to the Sun Life Dynamic Strategic Yield Fund may result in a special distribution to investors.

In addition, Sun Life Global Investments announced a change to the name of its flagship product suite, effective July 29, 2015. Sun Life Granite Managed Portfolios now include the word "Granite" in each individual portfolio name, making it easier for advisors and investors to recognize the signature line-up. The updated names are in the chart below:

Sun Life Global Investments has $10.9 billion in client assets under management, as of June 30, 2015.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

About Sun Life Global Investments
Sun Life Global Investments offers Canadians a diverse line-up of mutual funds and innovative portfolio solutions, empowering them to pursue their financial goals at every life stage. We bring together the strength of one of Canada's most trusted names in financial services with some of the best asset managers from around the world to deliver a truly global investment platform. Sun Life Global Investments manages more than $10 billion on behalf of institutional and retail investors from coast to coast and is a member of the Sun Life Financial group of companies. For more information, visit www.sunlifeglobalinvestments.com or connect with us on Twitter @SLGI_Canada.

About Sun Life Financial
Celebrating 150 years in 2015, Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth products and services to individuals and corporate customers. Sun Life Financial and its partners have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2015 the Sun Life Financial group of companies had total assets under management of $813 billion. For more information please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

Note to Editors: All figures in Canadian dollars.

SOURCE Sun Life Financial Canada