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Sun Life Financial Posts Rise In AuM, Net Income
Tom Burroughes
5 May 2011
Sun Life Financial, the Toronto-based investment and financial
services group, said its assets under management rose to $469.4 billion at the
end of March, up from $464.7 billion at the end of last year, driven by rising
markets, net sales and strong business growth in the insurance and wealth
management fields. Between the end of March and the same data a year ago, AuM
rose by $34 billion, the large North American business said in a statement. The firm’s operating net income at group level rose to $472
million, up from $434 million a year ago.