Canada Life Launches Three New Passive ETF Portfolios

Canada Life is expanding on their passively managed ETF lineup with the launch of three new funds, the Canada Life Index ETF Conservative Portfolio, the Canada Life Index ET Balanced Portfolio, and the Canada Life Index ETF Growth Portfolio. The conservative portfolio plans to offer long-term capital appreciation through of basket of 70% fixed income and 30% equity. The balanced portfolio looks to balance capital appreciation and income with a mix of 40% fixed income and 60% equity. Finally, the growth portfolio will seek long-term capital appreciation with a little income by putting 20% into fixed income and 80% into equity.