../Morning Post
Posted May 14 , 2010
____________________
Financial

Sun Life Financial creates mutual fund company to expand wealth offerings to Canadians

Bringing top-tier U.S.-based global asset manager MFS to retail investors

TORONTO - Sun Life Financial Inc. announced it is expanding its wealth management capabilities by establishing its own mutual fund company and a new family of funds in Canada. The initiative includes bringing the investment capabilities of MFS Investment Management, Sun Life's U.S.-based asset manager, to Canadian retail investors.

"We are expanding our wealth business in Canada by bringing more choices and innovative products to retail investors," said Kevin Dougherty, President, Sun Life Financial Canada and President, Sun Life Global Investments. "Combined with our life insurance options, Sun Life is uniquely positioned to provide broad-based wealth management and protection solutions for Canadians through our trusted advisors."

Sun Life has $435 billion in assets under management and 300 years of experience across its operations and affiliated companies MFS, McLean Budden and Birla Sun Life Asset Management Company of India. The new fund company will harness the tremendous capabilities for investment management and innovative products across these operations as well as from a number of global strategic partners in the asset management business.

The new fund line-up will become available in the fall of 2010 through our Sun Life Financial advisors, wholesale distribution channel and segregated fund platform for inclusion in group retirement plans. The new line-up will be in addition to the funds already available to Sun Life advisors through our ongoing strategic partnership with CI Investments.

"Establishing a mutual fund company is an important step in Sun Life's strategy to grow our wealth management business in Canada," Dougherty noted. "It enhances the offerings of our advisors by providing them with an even broader suite of wealth products for our clients, along with Sun Life's industry-leading insurance products and services."

Dougherty noted that MFS' record of innovation stretches back to the 1920s when the firm invented the concept of mutual funds for the investing public.

"We are very excited to provide our advisors and clients access to MFS' global investment research, product diversity and top-tier performance, as well as high-performance offerings from McLean Budden which in the past have been primarily accessible only to pension funds, endowments and high net worth investors," he said.

Submit press release to pressrelease@exchangemagazine.com - Editor Jon Rohr - Content published on this site represents the opinion of the individual/organization and/or source provider of the Content. ExchangeMagazine.com is non-partisan, online journal. Privacy Policy. Copyright of Exchange produced editorial is the copyright of Exchange Business Communications Inc. 2009/*.*. Additional editorials, comments and releases are copyright of respective source(s) and/or institutions or organizations.

 


Contact a Account Manager

Current Issue May 2010
Subscribe to Exchange Online today



Subscribe to Exchange News Daily







Submit Press Release
Visitor Centre
Weather
Advertising Inquires
Email
Tel: 519.886.0298

Subscribe to Exchange Magazine Print Edition

Contact Information:

Publisher:
Exchange Business Communication Inc.
Waterloo, Ontario, Canada
Tel: 519.886.0298

Editor-in-Chief
Jon Rohr
editor@exchangemagazine.com

Account Manager
John Hobin
advertise@exchangemagazine.com

<