New multi-strategy investment approach aims to bring stability to bond fund investors

TORONTO, March 31, 2016 /CNW/ - Sun Life Global Investments (Canada) Inc. announced today that it will be transitioning the Sun Life Beutel Goodman Canadian Bond Fund to a multi-strategy approach. Following a review of the strategy, Sun Life Global Investments has decided to replace the current sub-advisor of the fund, Beutel Goodman & Company Ltd., with the following portfolio sub-advisors and/or underlying managers: BlackRock Asset Management; Connor, Clark & Lunn Investment Management; Phillips, Hager & North Investment Management and Franklin Templeton Investments. This multi-strategy structure will be in effect on or before May 2, 2016. The fund will be renamed Sun Life Multi-Strategy Bond Fund.

"We expect the next five years will be a more challenging environment for bonds, particularly because of the potential for rising interest rates and exceptionally low yields. Our multi-strategy bond fund is meant to provide investors with a more stable investment experience in this type of environment by bringing together strong managers with differing investment styles in one solution," said Sadiq S. Adatia, Chief Investment Officer, Sun Life Global Investments. "This structure provides flexibility to tactically shift between mandates to take advantage of market inefficiencies and opportunities, delivering greater value to investors."

The fundamental investment objective of the fund, which seeks to earn a high rate of income by investing primarily in fixed-income securities of Canadian government and corporate issuers, remains unchanged.

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 (Canada) Inc.
Sun Life Global Investments (Canada) Inc. offers Canadians a diverse lineup 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 (Canada) Inc. manages more than $12 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
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 has operations in a number of 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 December 31, 2015, the Sun Life Financial group of companies had total assets under management of $891 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 Global Investments (Canada) Inc.