Canada Life Investments, a UK-based asset manager, is planning to launch a new targeted volatility strategic fund to compete with absolute return giants.
Known as CF Canlife Strategic Return, the new fund will be managed by a US-based subsidiary of Great-West Life, PanAgora Asset Management, according to Investment Week.
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The fund seeks to achieve a positive return independent of market conditions over a medium to long term and will sit in the IMA Specialist sector.
Structured as a UK OEIC, the CF Canlife Strategic Return is expected to possess an annual return of cash + 5% and volatility between 7.8% and 10.4%.
Additionally, the fund will not invest asset classes with higher degrees of liquidity risk and tail risk, with no investments in high yield, emerging market debt, private equity, or real estate.
The fund has an AMC of 0.75% and an OCF clean share class of around 1.03%.
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