May 13, 2010 (Canada NewsWire Group) --
Bringing top-tier U.S.-based global asset manager MFS to retail investorsSun Life Financial Inc. (TSX/NYSE:SLF) today announced it is expanding its wealth management capabilities by establishing its own mutual fund company and a new family of funds in
"We are expanding our wealth business in
Sun Life has
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
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.
Fact sheet - Sun Life Financial's new mutual fund company - www.sunlife.com/FactSheet
About Sun Life Financial
Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including
Sun Life Financial Inc. trades on the
Note to Editors: All figures in Canadian dollars.