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Sun Life Financial Inc announces new institutional asset management business and initial product line-up


Thursday, 6 Feb 2014 01:57pm EST 

Sun Life Financial Inc:Says the launch of its new asset management business, Sun Life Investment Management Inc.Says new business will specialize in providing private asset class pooled funds (particularly in private fixed income, commercial mortgages and real estate) and liability driven investment strategies for defined benefit (DB) pension plans and other institutional investors in Canada.Says the new business will operate under the brand name Sun Life Investment Management, which also encompasses the investment operations of Sun Life Assurance Company of Canada that manages about $100 bln in assets, including about $38 bln in private asset class investments.