"Seg" is a shortened version of the word "segment." It means a part or section of something that has been divided or split into smaller parts. Full definition
All of the other benefits of seg funds can be obtained in other, much cheaper ways, too. (moneysense.ca)
Bernie Geiss of Cove Financial Planning in North Vancouver, B.C., argues against investing in seg funds, because the management fees are typically higher than similar mutual funds. (moneysense.ca)
In order to determine whether or not there is any value in investing with seg funds, the costs of the investment vs. the insurance need to be analyzed. (boomerandecho.com)