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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Sun Life Financial Inc    SLF   CA8667961053

SUN LIFE FINANCIAL INC (SLF)
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Sun Life Financial : C O R R E C T I O N -- Sun Life Global Investments (Canada) Inc./

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11/10/2017 | 10:31pm CEST

In the news release, Sun Life Global Investments announces changes to Sun Life Sentry Infrastructure Fund, issued Oct 31, 2017 by Sun Life Global Investments, please note changes in the first and second paragraph. We are advised by the company that State Street Global Markets Canada Inc. ("State Street") should have been referred to as 'transition manager', not 'interim sub-advisor'. Also, the release has been updated to note that Sun Life Global Investments continues to act as portfolio manager of the Fund. The complete, corrected release follows:

Sun Life Global Investments announces changes to Sun Life Sentry Infrastructure Fund

TORONTO, Oct. 31, 2017 /CNW/ -  Sun Life Global Investments (Canada) Inc. announced today that it is terminating Sentry Investments Inc. ("Sentry") as the sub-advisor to Sun Life Sentry Infrastructure Fund ("the Fund"), effective as of the end of business October 31, 2017. The decision is due to unexpected portfolio manager changes at Sentry following the firm's acquisition by CI Financial Corp. ("CI"). Accordingly, effective November 1, 2017, the Fund will be renamed Sun Life Infrastructure Fund. Sun Life Global Investments continues to act as portfolio manager of the Fund and the Fund's investment objective and investment strategies remain unchanged.

Sun Life Global Investments has appointed State Street Global Markets Canada Inc. ("State Street") as the transition manager to the Fund, effective as of the end of business October 31, 2017. State Street will serve as transition manager while Sun Life Global Investments seeks an appropriate replacement for Sentry. Sun Life Global Investments will announce the new sub-advisor as soon as a selection is made.

As with any acquisition scenario that involves our partners, Sun Life Global Investments is monitoring the integration progress between CI and Sentry for any further changes that may be required.

About Sun Life Global Investments (Canada) Inc.
Sun Life Global Investments is a subsidiary of Sun Life Financial Inc. It offers Canadians a diverse lineup of mutual funds and innovative portfolio solutions, empowering them to pursue their financial goals at every life stage. We bring together the strength of one of Canada's most trusted names in financial services with some of the best asset managers from around the world to deliver a truly global investment platform. Sun Life Global Investments manages more than $18 billion on behalf of institutional and retail investors from coast to coast and is a member of the Sun Life Financial group of companies. For more information, visit www.sunlifeglobalinvestments.com or connect with us on Twitter @SLGI_Canada.

About Sun Life Financial
Sun Life Financial is a leading international financial services organization providing a diverse range of insurance, wealth and asset management solutions to individuals and corporate Clients. Sun Life Financial has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of June 30, 2017, Sun Life Financial had total assets under management of $944 billion. For more information please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

Note to Editors: All figures in Canadian dollars.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Media Relations Contact:
Derek Kirk
Manager, Media & PR
Corporate Communications
T. 416-432-2996
derek.kirk@sunlife.com

SOURCE Sun Life Global Investments (Canada) Inc.

© Canada Newswire, source Canada Newswire English

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Financials (CAD)
Sales 2018 28 314 M
EBIT 2018 2 803 M
Net income 2018 2 780 M
Debt 2018 -
Yield 2018 3,62%
P/E ratio 2018 11,54
P/E ratio 2019 10,63
Capi. / Sales 2018 1,12x
Capi. / Sales 2019 1,03x
Capitalization 31 777 M
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 59,2  CAD
Spread / Average Target 13%
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Managers
NameTitle
Dean A. Connor President & Chief Operating Officer & Director
Jacques Goulet President-Sun Life Financial Canada
William D. Anderson Chairman
Kevin D. Strain Chief Financial Officer & Executive Vice President
Mark S. Saunders Chief Information Officer & Executive VP
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