OREANDA-NEWS. Sun Life Global Investments is partnering with Aviva Investors to launch the Sun Life Multi-Strategy Target Return Fund, allowing clients to invest for growth, even during periods of market instability. The new fund seeks to provide investors with an average annual gross return of five per cent above the Bank of Canada's overnight lending rate during a rolling three year period.

"Solutions that are designed to deliver absolute returns are top of mind for our clients as they look to participate in a variety of market environments," said Rick Headrick, President, Sun Life Global Investments. "The multi-strategy approach aims to provide investors with a more stable investment experience and lower overall fund risk by managing the volatility that each strategy contributes to the portfolio."

Sun Life Multi-Strategy Target Return Fund invests in a broad range of strategies, adopting a dynamic investment approach through which it seeks to take advantage of both rising and falling markets. Portfolio managers have the ability to adjust the fund to adapt to the market environment, ensuring that its main objective is met - specifically, long-term capital growth through a variety of market conditions.

The partnership with Aviva Investors strengthens Sun Life Global Investments' commitment to provide clients with investment solutions to help in today's market.

"In the last few years, we have refocused our business away from benchmark investing and towards delivering outcomes that really matter to investors, such as growth and income," said Euan Munro, Chief Executive, Aviva Investors. "Globally, we have seen huge interest for our multi-strategy fund platform and we look forward to bringing these solutions to Canadian investors in collaboration with Sun Life Global Investments."

Sun Life Multi-Strategy Target Return Fund will be available through advisors qualified to sell commodity pools starting June 6, 2016 and to pension plan sponsors June 15, 2016.