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Rating:MFS Growing Under Sun Life Not Rated 2.8 Email Routing List Email & Route  Print Print
Thursday, May 10, 2007

MFS Growing Under Sun Life

by: InvestmentWires Staff, 

MFS is amidst a growth spurt and it won't end soon, if its parent company has anything to do with it. So suggested Sun Life Financial CEO Donald Stewart at the company's annual general meeting, reported Reuters.

Until late last year, the Toronto-based Sun Life was looking for bidders interested in MFS, its U.S.-based fund operation. In a turnaround decision, Sun Life decided to begin a large-scale expansion on the MF front, and Q1 results released last week reflect that. MFS's assets under management exceeded $200 billion for the first time in April, and the company's pre-tax operating profit margin ratio increased by almost a third to 34% in the first quarter of 2007 from the first quarter of 2006.  

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