Fundsters interested in finding out more about
Sun Life's move to return to the mutual fund business in Canada may want to take a look at this morning's "Fund Track" column in the
Wall Street Journal. Caroline Van Hasselt
reports that the proposed new fund operation is still unnamed. Van Hasselt also notes that, despite buying U.S. fund firm
MFS in 1982, Sun Life didn't dive into the Canadian fund market until 1987 when founding
Spectrum Mutual Fund Services.
Sun Life subsequently bought two more fund firms,
Calvin Bullock and
McLean Budden, then swapped its fund units to Canada's number three fund firm (in terms of assets),
CI Financial, in exchange for a 30 percent stake in CI. Sun Life sold that stake in 2008 but still maintains its fund co-manufacturing relationship with CI, and a spokesman says that relationship won't change. 
Edited by:
Neil Anderson, Managing Editor
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