Help your clients benefit from a 1.15% GIC rate for a limited time
- Deposit of $500 and +
- Guaranteed 18-month rate
- Redeemable also available
- Available for both Registered and Non-Registered accounts
- Available for personal accounts only (no corporate accounts)
- Maximum of $500,000 per client, not per account
- Can be purchased by cheque, transferred from another financial institution or a one-time PAC directly from the client’s bank account
- Same commission as our traditional GIC
- Allows the policyholder to name a beneficiary on non-registered accounts
We are pleased to announce that as of June 21, 2021 six new funds will be available to investors. There will also be some changes to our investment products and services.
Changes Overview
- GQG Partners a new fund manager, and six new funds
- We are proud to welcome GQG Partners among our fund managers with the opening of the following two funds:
- SSQ GQG Partners Global Equity GIF
- SSQ GQG Partners International Equity GIF
- Funded in June 2016, GQG Partners is a fund manager whose fundamental investment process seeks to limit risk while providing attractive returns!
- We will also be adding two new portfolio profiles with full exposure to equity markets. These portfolios follow a diversified approach and combine active management strategies. They are:
- SSQ 100% Equity Strategy GIF
- SSQ Celestia 100% Equity GIF
- SSQ 100% Equity Strategy GIF
- Finally, we will be adding a new fund managed by CI Global Asset Management, invested primarily in global real estate and a new fund managed by Fisher Investments, invested in U.S. small-cap stocks:
- SSQ CI Global Real Estate GIF
- SSQ Fisher ESG U.S Small Cap Equity GIF
- SSQ CI Global Real Estate GIF
Allocation changes for SSQ Strategy and Celestia portfolios
Please note that 50% of the Fiera Capital Global Equity Fund will be transferred to the GQG Partners Global Equity Fund.
We will also replace the SSQ Morgan Stanley Global Real Estate GIF with the Global Real Estate fund in the Celestia Balanced, Celestia Growth and Celestia Aggressive portfolios.
SSQ PIMCO Bond GIF management fees reduction: The annual management fees will be reduced by 0.05% for the SSQ PIMCO Bond GIF.
Market Update from Dynamic Funds
The global economic recovery rests on a foundation of supportive policy settings, pent-up demand, and the ongoing progress of COVID-19 vaccinations. Participation in this upturn is broad-based and evenly balanced across the world’s main economic regions. It’s a recovery which has more room to run. For example, higher prices are likely to encourage a production response in those areas that have spare capacity (e.g., mining). Nevertheless, inflation dynamics have become much more complex. The underlying factors which shape a country’s inflation rate have meaningfully changed through time. We maintain a pro-risk bias in the multi-asset portfolio. Equities are being held at an overweight position, with the bond allocation sitting below the mid-point of its target range. Being mindful about the possibility of negative shocks (e.g., inflation), the allocation to alternative assets has been held at the higher end of its neutral range.
The ongoing and impressive economic recovery encourages the maintenance of a pro-risk bias in the portfolio. Equities are being held at an overweight position, with the bond allocation remaining below the neutral range. The traditional 60-40 mix of stocks and bonds is more expensive than it has been at almost any point over the past few decades. This creates a situation where prospective performance is more susceptible to unexpected shocks (e.g., inflation). Long-term conservatively managed money, like global pension funds, now collectively allocate 30% of their assets to alternative investments which is up from 7% at the turn of the millennium. We concur. A healthy allocation to alternatives is expected to add ballast for portfolio performance.
Bottom Line: We remain overweight equities.
Top 20 SSQ Funds
SSQ investments– deposits accepted via online banking transfers
Are your clients asking you for an easier way to deposit money into their investment accounts at SSQ? If so, we recommend that you use our online banking payee feature. Your client simply needs to login into their online banking platform and select SSQ Insurance – Investment as the payee and then enter their 8-digit application number. We suggest they do this after you email us your investment instructions using the write to us function in our advisor center.
La Capitale and SSQ Insurance Advisor Centres
La Capitale
Advisor Centre: https://advisorcentre.lacapitale.com/espaceconseiller?lang=en
Investment returns: https://www.lacapitale.com/files/live/sites/lacapitale/files/contributed/individuelle/en/pdf/Returns.pdf
SSQ Insurance
Advisor Centre: https://investissement.ssq.ca/astranet/en/astranet/general/formulaire.html
Investment returns: https://ssq.ca/en/investment/segregated-funds/returns