Canada Life Deepens ETF Use in Broad Fund Lineup Overhaul

Canada Life Investment Management is expanding ETF use while restructuring its mutual fund shelf. Counsel Essentials Portfolios were renamed Counsel ETF Portfolios on Aug. 17, with four funds now spanning income, conservative, balanced and growth mandates. Counsel Income ETF Portfolio moves primarily to equity and fixed-income ETFs, adopts a 10%-30% equity range, cuts Series A/T fees to 1.35% from 1.70%, and names Mackenzie as sub-advisor. From Sept. 21, two global funds become Canada Life Visio Pools and add ETFs for diversification. Separately, Visio Pool minimums fall to $25,000 from $150,000.