CF CANLIFE GLOBAL INFRASTRUCTURE FUND
DRAFT PARAGRAPHS FOR SUITABILITY LETTER
For professional adviser use only
Data correct as at 28/02/2015
We at Canada Life Investments want to help you communicate the suitability of our fund
to your clients as effectively as possible. This document offers suggestions on how you
can do that.
We have done our best to outline the benefits and relevant warnings of the CF Canlife
Infrastructure Fund. However, it is your responsibility, and not that of Canada Life
Investments, to ensure that any letters sent to your clients meet the requirements of your
regulatory authority and that those recommendations are appropriate to your client.
You may wish to refer to the FCA’s guidance on the use of standard paragraphs in suitability letters,
and the importance of reflecting factors specific to your client's circumstances:
http://www.fca.org.uk/static/fca/documents/fsa-improving-quality-of-advice.pdf
For further information:
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Contact your Canada Life Account Manager
Email contactCLInvestments@canadalife.co.uk
Call Canada Life Investments on 020 7415 6482
Visit www.canadalifeinvestments.com
Why invest in infrastructure companies?
Infrastructure assets encompass the basic facilities, services and installations needed for the
functioning of a community or society, such as transportation, utilities, energy and communications.
Anything from roads and ports to oil and gas storage facilities can fall under the umbrella of
infrastructure assets.
The demand for infrastructure is huge – an estimated US$30 trillion in the next two decades,
according to data from CIBC World Markets. This demand is coming from both the emerging and
developed world. China has invested heavily in its infrastructure, Brazil has been shoring up its
infrastructure investments ahead of the 2016 Olympics and India is looking to modernise as its
population swells. In the developed world, like the US, governments are facing ageing infrastructure
assets, and they are increasingly turning to the private markets to help modernise and manage
infrastructure like toll roads and bridges.
This demand provides an opportunity to invest in companies uniquely positioned to take advantage of
the world’s growing need for infrastructure development.
Meanwhile, the performance of the sector as a whole does not tend to move perfectly in line with the
broader stock markets, providing grounds to diversify your investments.
CF Canlife Global Infrastructure Fund: Aim and approach
The aim of this fund is to provide long-term capital growth and income by investing mainly in
companies throughout the world that directly or indirectly benefit from the development, maintenance,
servicing and management of infrastructure. These companies tend to pay strong dividends offering a
good source of long-term cash flow into the fund.
The investment team focuses on large companies around the globe with stable cash flows and strong
returns primarily in the developed markets. The portfolio consists mainly of energy, utility and
industrial infrastructure companies.
Identifying companies
The investment team starts with a quantitative analysis of stocks to determine which have the best
combination of earnings growth, dividend payouts, profitability and overall financial health. Those
are then ranked by how attractive they are relative to each other. The highest-ranking stocks are
then subject to further research by the investment team who select about 55 stocks to populate
the portfolio.
Fund manager history
The CF Canlife Global Infrastructure Fund is managed by GLC Asset Management Group, a leading
Canadian investment manager responsible for C$36 billion in assets. They manage money for
pension plans, endowments, group and individual retirement plans, institutional and high net worth
clients and some of the largest corporations in Canada.
Rob McCrindell is the portfolio manager for the fund. He is the lead portfolio manager for GLC’s global
infrastructure equity and real estate equity and dividend portfolios. His career focus on high-yield
equities makes him a natural fit as head of these portfolios. He has more than 24 years of industry
experience and has been a member of GLC for 18 years.
Canada Life Investments
Canada Life Investments is a UK-based asset manager responsible for managing over £33 billion of
equities, fixed income and property (as at 31/12/14). They have been active in the UK for more than
100 years, having first established their life insurance business in 1903.
Further reassurance is offered by the stability of Canada Life Investments’ parent, Great-West Lifeco,
which has £560 billion in assets under management (as at 30/09/14).
The CF Canlife Global Infrastructure Fund is part of Canada Life Investments’ Global Partner Series.
This is a suite of funds created in partnership with companies within the Great-West Lifeco group and
associated companies in Canada, the US and Ireland. The Global Partner Series funds are only
available through Canada Life Investments in the UK, providing access to innovative asset classes
and unique investment opportunities.
Warnings:
 Past performance is not a guide to future performance. The value of investments may
fall as well as rise and investors may not get back the amount invested. Income from
investments may fluctuate.
 Currency fluctuations can also affect performance
 No guarantee, warranty or representation (express or implied) is given as to the document’s
accuracy or completeness.
 The views expressed in this document are those of the fund manager at the time of
publication and are subject to change at any time without notice and should not be taken to
constitute a recommendation for investment in any specific stock, area or product.
 Operational Risk: Emerging markets tend to be susceptible to large short term swings than
more established markets. There is also a greater risk of being unable to buy or sell securities
or that other parties may default and not meet their obligations, causing loss to the fund.
 Currency Risk: As the fund invests in global securities movements in exchange rates may,
when not hedged, cause the value of your investment to increase or decrease.
 Concentrated Fund Risk: The fund intentionally holds a small number of investments. The
fund may therefore be subject to larger than normal swings in its value.
 No guarantee, warranty or representation (express or implied) is given as to the document’s
accuracy or completeness.
 For full details of the fund's risks, please see the latest prospectus and the Key Investor
Information Document (KIID) available at www.canadalifeinvestments.com.
PLEASE NOTE THAT YOU SHOULD SATISFY YOURSELF OF THE EFFECTIVENESS OF THIS
MATERIAL. CANADA LIFE INVESTMENTS ACCEPTS NO RESPONSIBILITY FOR THE USE OR
OTHERWISE OF THESE SUGGESTED PARAGRAPHS.
Canada Life Investments is the brand for investment management activities undertaken by Canada Life Asset Management Limited, Canada Life Limited and Canada Life
European Real Estate Limited. Canada Life Asset Management Limited (no. 03846821), Canada Life Limited (no.00973271) and Canada Life European Real Estate
Limited (no. 03846823) are all registered in England and the registered office for all three entities is Canada Life Place, Potters Bar, Hertfordshire EN6 5BA. Canada Life
Asset Management is authorised and regulated by the Financial Conduct Authority. Canada Life Limited is authorised by the Prudential Regulation Authority and
regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
FSA ID 5523 0315R Expiry March 2016