The Diversified Risk Managed fund range comprises four globally diversified profiles, which have been risk-profiled by Defaqto and other providers, to help investors and advisers achieve their long-term objectives.
The new DRM range has been developed as part of an overall refresh of Canada Life's eight-strong managed funds, which have 0-35 per cent, 20-60 per cent and 40-85 per cent funds.
The new fund range allows investors and advisers to choose from four different risk profiles, each with specific volatility parameters, that best fits their long-term investment objectives (see image).
The funds are aligned to Defaqto risk ratings 3-6, which Canada Life's head of investment proposition (wealth), Shelley Greenwood, said aimed to deliver the greatest likelihood of optimal risk-adjusted returns, while ensuring client portfolios remain within the boundaries of pre-agreed risk profiles.
The DRM suite will be available to investors and advisers via CLAM’s open-ended investment company range, Canada Life’s The Retirement Account, onshore bond, and on a variety of investment platforms.
According to Greenwood, the launch "comes at a time when we see a growing demand from advisers for an easy-to-use, and well governed, range of solutions".
The index versions are built mainly from index-tracking funds managed by Canada Life's fund partner, Vanguard.
Also as part of the refresh, the DRM range has:
Greenwood added: "As the funds have volatility targets, advisers will be able to support their clients to understand the ups and downs that they can expect to experience in their investment journey."