Managed Products Overview

The person(s) who will receive benefits from a contract after the annuitant dies.

A beneficiary designation that can be changed or canceled by the contract holder.

A beneficiary designation that cannot be changed without the beneficiary's consent.

A promise that investors will receive at least a portion of their invested money (e.g., 75% or 100%).

A financial or other benefit derived from a person's life or health.

A guarantee of a specific portion of the investment's maturity value.

A guaranteed payout to a beneficiary in case of death of the contract holder, minimum amount, excluding fees.

A period of 10 years for maturity guarantee contracts. Holding period for investment protection.

The minimum amount guaranteed to be paid on maturity.

Limitations on eligibility for enhanced guarantees based on the annuitant's age at the time of policy issuance.

Dates when the maturity guarantee on segregated fund contracts are reset for another 10 years when the term expires.

Maturity guarantee recalculation done every day for a segregated fund to capture market gains or secure previous highs, locking in the value.

Amendments to NI 81-102 in 2018 brought closed-end funds under similar investment restrictions as alternative mutual funds, including leverage, short selling, derivatives, and portfolio concentration. However, closed-end funds have a higher allowance for illiquid assets compared to alternative mutual funds.

Closed-end funds are allowed to hold up to 20% of their net asset value (NAV) in illiquid assets, compared to 10% for alternative mutual funds. This limit can increase to 25% for a maximum of 90 days, compared to 15% for alternative mutual funds.

Investing in a portfolio of closed-end funds with low correlation can reduce overall risk. The different funds' discounts tend to offset each other, smoothing out potential negative effects.

Closed-end funds provide opportunities for investment returns that may not be available in open-end funds, such as short selling.

Closed-end funds typically have a higher level of investment compared to open-end funds because they don't need to keep a large percentage of their assets liquid for redemptions.

Managers of closed-end funds have the flexibility to focus on long-term investment strategies without the need to reserve liquid assets for redemptions.

Capital gains, dividends, and interest distributions from closed-end funds are paid directly to investors, rather than reinvested in additional units, making it easier to track the adjusted cost base.

An investment company that trades on a stock exchange, using its capital to purchase or invest in other companies. These companies can be publicly traded or privately held.

A company that invests in private companies or assets, often with the goal of improving their performance and eventually selling them for a profit.

Spreading investments across different assets, industries, or companies to reduce risk.

Examples include real estate, finance, healthcare, and many more. The specific industries will vary depending on the company's investment strategy.

1. Better access to capital: More investors can participate.
2. improved liquidity: Easier to buy and sell shares.

While promising returns, it comes with inherent risks that could lead to losses. You should thoroughly research and understand the company's investment strategy.

Companies whose shares are bought and sold on a stock exchange.

Companies whose shares are not traded on a stock exchange and are typically owned by a limited number of people.

Rules and guidelines that publicly traded companies must follow, including financial disclosures and transparency.