Sun Life Financial yesterday reported 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 and Reuters also covered the earnings release. 

Edited by: Hung Tran


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