Sun Life Financial Inc will purchase New York-based Ryan Labs Asset Management in a deal the Canadian insurer hopes will help it win more business with U.S. pension funds and other institutional investors, Sun Life said on Wednesday.Toronto-based Sun Life did not disclose the value of the deal for Ryan Labs, which specializes in liability-driven investing, but said the acquisition would not be material to its results.Sun Life launched a Canada-focused asset management division in early 2014 and said at the time it was looking to expand into the United States.A liability-driven investment strategy involves calculating the future needs of a client like a pension fund and designing a portfolio that can meet those needs with the appropriate amount of risk.
Sun Life Financial Inc. (SLF Inc.) is an international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Shares of SLF traded higher by 1.38% or $0.43/share to $31.50. In the past year, the shares have traded as low as $30.48 and as high as $38.85. On average, 335071 shares of SLF exchange hands on a given day and today's volume is recorded at 169455.
Sun Life Financial Inc. (SLF Inc.) is an international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Shares of SLF traded higher by 1.79% or $0.69/share to $39.24. In the past year, the shares have traded as low as $35.17 and as high as $43.44. On average, 1174020 shares of SLF.TO exchange hands on a given day and today's volume is recorded at 386001.
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