Sun Life hits record assets, navigates investor outflows with new ETF plans [Wealth Professional (Canada)]
Sun Life Financial Inc. (SLF)
Last sun life financial inc. earnings: 2/12 05:01 pm
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sunlife.com/global/investors?vgnlocale=en_ca
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Source: Wealth Professional
Sun Life Financial Inc. reported record-high assets under management in the third quarter, reaching $1.52tn, according to BNN Bloomberg CEO Kevin Strain noted that the 13 percent asset growth from the previous year's third quarter secures Sun Life's position as Canada's largest asset manager. Despite this milestone, the company faces persistent outflows, as both institutional and retail clients moved a net $19.1bn out of its MFS Investment Management division by September 30, adding to the $47.2bn in outflows from the prior three quarters. “Outflow challenges remain,” Strain stated during an earnings call, acknowledging ongoing issues with investor withdrawals. Institutional outflows, Sun Life reported, stemmed primarily from portfolio rebalancing, while retail clients favoured high-growth tech stocks—primarily concentrated in the ‘magnificent seven' —and shorter-term interest-bearing products. MFS CEO Mike Roberge explained that recent quarters have been affected by a stra
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News
- 5 diversified Canadian insurers with reliable dividends [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick [Yahoo! Finance]Yahoo! Finance
- Sun Life Financial Inc. (NYSE: SLF) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Sun Life Financial Inc (SLF) Q3 2024 Earnings Call Highlights: Record AUM and Robust EPS Growth [Yahoo! Finance]Yahoo! Finance
- Sun Life profits climb on strong insurance sales [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
SLF
Earnings
- 11/4/24 - Beat
SLF
Analyst Actions
- 9/5/24 - Barclays PLC
SLF
Sec Filings
- 11/5/24 - Form 6-K
- 11/5/24 - Form 6-K
- 11/5/24 - Form 6-K
- SLF's page on the SEC website