Sun Life Financial
higher earnings in the U.S. in the second quarter, spurred by what CEO Donald Stewart
described as "robust" performance from Boston-based asset manager MFS Investment Management
MFS chalked up operating net income of US $68 million, up from $46 million in the year-ago period.
Company officials attributed the rise mainly to "higher average net assets, which increased to US$239 billion
in the second quarter of 2011 from US$191 billion in the second quarter of 2010 as a result of asset appreciation
and net inflows over the past twelve months."
MFS recorded net sales of US $3.2 billion during the quarter, compared to $3.7 billion in Q2 of last year.
The Wall Street Journal
also covered the earnings release.
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