In an effort to develop its wealth management arm, Toronto insurance giant
The fund family is an effort to bring the investment capabilities of
"We are expanding our wealth business in Canada by bringing more choices and innovative products to retail investors," said Kevin Dougherty, president of Sun Life Financial Canada and president of 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."
The fund family, which will be introduced in the fall, will be sold through Sun Life’s advisors and wholesale advisors, as well as added to the fund lineup for clients of the company's retirement services unit.
Sun Life, which had $426 billion in assets under management as of March 31, said the new funds will be added to the funds already available to Sun Life advisers through its strategic partnership with
"Establishing a mutual fund company is an important step in Sun Life's strategy to grow our wealth management business in Canada," Dougherty said. "It enhances the offerings of our advisers 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."
