Life insurance companies’ segregated (or seg) fund offerings augment traditional mutual funds with insurance contracts. Combined advantages boast potential investment growth plus insurance protection with guaranteed principal and death benefits.
This March’s $243 million net sales set the highest monthly record since February 2012, reports Desjardins Securities. That compares to $144.1 million for March 2014. As investors seek portfolio stability, seg fund sales may continue climbing. Total net assets were $113.1 billion by March 2015, up from the previous March’s $104.3 billion, according to Investor Economics.