National Life, Norshield launch Global Trading Fund: Partnership continues to grow with latest hedge

Date: Monday, September 29, 2003

National Life and hedge fund manager Norshield Financial Group are launching the National Life Global Trading Fund, a new segregated fund offered through National Life's Alternative Investment Strategies. The fund anticipates changes in global economies and makes investment decisions to take advantage of emerging trends. The introduction of fund also signals the continued growth of the partnership between the two companies. "This fund is offered as part of our Hedge Accounts, a unique category of investments, for universal life policyholders. We believe our brokers and clients will continue to benefit from the products that flow from our partnership with Norshield," said Brenda Moore, director of marketing, retirement and investment products at National Life. The fund features a capital guarantee of 75%, and a low minimum investment requirement of $1,000. In addition, the fund provides greater diversification employing a group of investment managers who use a variety of trading strategies in global currency, fixed income, equity and commodity markets. National Life's hedge funds are also available as investments in their Universal Life products, a first for the Canadian marketplace. http://www.newswire.ca/releases/September2003/29/c5662.html