Segregated Fund


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Segregated Fund

An investment company in Canada that has features of a life insurance policy and a mutual fund. The investment company sells life insurance to policyholders, who have rights to all benefits, just like any other life insurance policy. It then uses the proceeds to buy securities, which it packages and sells as shares in a mutual fund. The two aspects of a segregated fund must be kept separate from each other, except in the manner described above.
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Its asset management capabilities include creating segregated Fund Vehicles tailored to client's investment needs.
Manulife Investments, a division of Manulife Asset Management Limited - the global asset management arm of Manulife Financial Corporation (NYSE: MFC) , is one of Canada's leading integrated financial services providing a variety of products and services including segregated fund contracts, mutual funds, annuities and guaranteed interest contracts.
These new segregated fund products fit with Sun Life's Money for Life approach to retirement planning by helping Canadians to build and protect their savings so that they are able to:
ANA-PAC is an unincorporated committee of the American Nurses Association Board of Directors and a segregated fund with the purpose of supporting candidates for federal office.
The deal comprises the full service advisory operations of HSBC Securities (Canada) and certain assets related to the segregated fund and insurance business of HSBC Insurance Agency (Canada), together forming the Full Service Investment Advisory Business, the buyer said in a press release.
Specifically, the increase will be placed in a segregated fund only to be used for the above stated purposes.
There is no need to have products filed and approved by regulators before you can sell them, except for segregated fund policies.
Having finally recovered their capital, many investors are looking for ways to make sure they don't lose it again--and segregated fund promoters are offering them a solution.
The money collected would be kept in a segregated fund to be used only for health care.
In addition, it is expected to boost up Manulife's Segregated Fund assets by about $41 million.
If an entity loses segregated fund status for an exempt function fund, it is subject to the general rules that apply to income and expenses.
The portfolio structure can be in the form of a segregated fund account or a long only mandate.