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Thursday, February 17, 2011

Sunny Days at MFS

News summary by MFWire's editors

MFS Investment Management chalked up record gross sales of $53 billion for 2010. The Boston-based firm ended the year with record AUM of $222 billion.

MFS, owned by Canadian insurance giant Sun Life Financial, posted full-year earnings of $202 million, up from $136 million in 2009. The pre-tax operating profit margin improved to 30 percent. In the fourth quarter, MFS earned $56 million, up from $47 million in the year-ago period. 

Edited by: Armie Margaret Lee


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