(Toronto, ON – October 23, 2023) – The Empire Life Insurance Company (Empire Life) launched two new segregated funds available under its Guaranteed Investment Fund contract today.
The new funds are:
- Empire Life Global Growth GIF
- Empire Life Canoe Global Equity GIF
The two new segregated funds provide actively managed global exposure to growth-focused securities. Empire Life Global Growth GIF is managed by Empire Life Investments Inc., and the underlying fund of Empire Life Canoe Global Equity GIF is managed by Canoe Financial.
“We’re excited to offer investors two new segregated funds, focused on growth, to help them achieve their financial goals,” says Paul Holba, Senior Vice-President and Chief Investment Officer. “Utilizing our internal expertise and seeking opportunities with third-party managers expands our ability to offer choice and diversification opportunities within our segregated fund contract.”
The new growth-focused segregated funds are, in addition to the Multi-Strategy Growth GIFs launched in 2022, creating a suite of investment solutions for investors seeking to add investment style diversification to their portfolios.
About Empire Life
Established in 1923 and a subsidiary of E-L Financial Corporation Limited, Empire Life provides individual and group life and health insurance, investment and retirement products. The Company’s mission is to make it simple, fast and easy for Canadians to get the products and services they need to build wealth, generate income, and achieve financial security. As of June 30, 2023, Empire Life had total assets under management of $18 billion. Follow us on social media @EmpireLife or visit empire.ca for more information.
About Empire Life Investments Inc.
Empire Life Investments Inc. is a wholly-owned subsidiary of The Empire Life Insurance Company. The company is the portfolio manager of certain Empire Life segregated funds.
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Contact: Sherif Farid
Director, Investment Marketing
289 983-9317
sherif.farid@empire.ca
www.empire.ca