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 and total return fixed-income strategies. It said the acquisition would not be material to its results.The companies said Ryan Labs has about $5.1 billion in assets under management for clients across the United States.
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 0.9% or $0.28/share to $31.35. 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 34292.
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 1.22% or $0.47/share to $39.02. 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 98253.
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