The third quarter was a painful one for the S&P 500 (which lost over 14 more), and MFS [see profile] suffered, too, yet remained profitable. Yesterday Sun Life Financial revealed in its third quarter earnings report that MFS earned $60 million in Q3 2011, down from $68 million in Q2 2011 and up from $53 million in Q3 2010.

MFS' assets dipped to $208 billion on September 30, from $240 billion on June 30. And its net sales (i.e. inflows) fell to zero, from $3.2 billion in Q2.

The Canadian insurer also highlighted MFS' retail mutual fund performance, noting that 86 percent of its funds ranked in the top half of their Lipper categories based on five-year performance. 

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