HALIFAX, Dec. 1, 2003 – Maritime Life today announced the addition of five new funds to its segregated fund family – Canadian Bond Index Fund, Fidelity Canadian Asset Allocation Seg Fund, Talvest Millennium High Income Seg Fund, Trimark Income Growth Seg Fund, and Trimark Seg Fund.
“These funds are a great complement to our segregated funds, helping to round out our investment family and offer greater access to some popular external funds,” says Serge P�pin, director, Retail Investment Products, Maritime Life. “All five funds offer investors a diversified approach and Maritime Life’s unique segregated fund guarantees – important components for today’s markets.”
The Canadian Bond Index Fund completes Maritime Life’s core family of funds and is exclusive to the company. The Fidelity Canadian Asset Allocation Seg Fund, the largest balanced fund in Canada with $6 billion in assets, offers a good core balanced approach with minimum swings. The Talvest Millennium High Income Seg Fund allows investors to participate in a wide range of income trust sectors, such as oil and gas. The Trimark Income Growth Seg Fund, a Trimark flagship fund, is one of the largest balanced funds in Canada, with $2 billion in assets. The Trimark Seg Fund is the fifth largest Global equity fund in Canada, with $3.5 billion in assets and a core global holding option.
“We are very excited about these new additions to our segregated fund family,” says P�pin. “The addition of these funds demonstrates Maritime Life’s ongoing commitment to offering customers investment options that provide industry-leading value at competitive prices, and flexibility in terms of choice.”
Each of the five new funds is backed by Maritime Life’s full segregated fund guarantees, offering investors an added level of protection and security. With its Stock Market Guarantee(R) maturity protection and Automatic Daily Reset(R) feature, offering the potential to lock in daily market gains in the early years, Maritime Life is the only company to offer this level of protection at maturity for investors – a level of protection that is built right into the contracts customers sign with Maritime Life.
The funds are available on Maritime Life Investment Account (MLIA), Maritime Life Investment Portfolio (MLIP) and Capital Accumulator Portfolio (CAP), and go on sale Dec. 1, 2003.
About Maritime Life
Founded in 1922, Maritime Life is one of Canada’s fastest growing financial services companies, offering financial security through a selection of personal insurance, disability and critical illness insurance, investment products, pensions, and group life and health products and services. Based in Halifax, Nova Scotia, Maritime Life provides benefits to nearly three million Canadians through offices in Halifax, Montreal, Markham, Toronto, Kitchener, Calgary and Vancouver.
With more than 2,900 employees, employee satisfaction is a top priority and the reason Maritime Life was named one of the “50 Best Companies to Work for in Canada” by the Globe and Mail’s Report on Business Magazine for four consecutive years.
As a subsidiary of Boston-based John Hancock Financial Services, Inc., Maritime Life comes from a tradition of strength and stability. John Hancock Financial Services, Inc. (NYSE: JHF) and its affiliated companies, including John Hancock Life Insurance Company, provide a broad array of insurance and investment products and services to retail and institutional customers. As of September 30, 2003, John Hancock and its subsidiaries had total assets under management of US $139.8 billion.