MFS focuses on long-term investing to counter inflation's impact, supporting Sun Life's client growth
Wealth management is undergoing significant change as firms adapt to a rapidly evolving client landscape, according to an exclusive feature by Wealth Professional in partnership with Sun Life Global Investments.
Scale and capital investment have become crucial for companies to remain competitive, with financial advisors looking to large organizations for the capital, solutions, and expertise needed to serve clients.
Sun Life Global Investments, the retail mutual fund arm of Sun Life, benefits from the parent company's global reach, holding $1.46tn in assets under management.
Sun Life has a long history, navigating wars, depressions, and rapid technological advancements, becoming a powerhouse in the financial world. Over the years, Sun Life strategically acquired specialized asset managers, enhancing its market presence.
Forty-two years ago, Sun Life acquired MFS Investment Management, which pioneered the first open-end mutual fund in the US.
Since then, MFS has focused on collective expertise, long-term discipline, and active risk management. The relationship between Sun Life and MFS has remained strong, with MFS sub-advising Sun Life’s products since 2010.
Oricia Smith, president of SLGI Asset Management Inc., emphasized the deep cultural alignment between the two companies.
Carol Geremia, president of MFS, highlighted the importance of long-term investing, especially in today’s volatile environment.
She noted that inflation erodes capital, making it crucial for investors to plan ahead for decades. MFS's success is driven by its research, evolving from its inception in 1924 to managing US$615.1bn in assets today.
Sun Life Global Investments follows a straightforward philosophy: no single investment manager excels in every category.
It leverages Sun Life's vast global network to select top managers worldwide. Geremia stressed that risk management and research are vital in today’s financial world.
The era of passive returns is over, with future success depending on understanding businesses and managing risk.
Sun Life Global Investments will continue to benefit from MFS’s innovative strategies, bringing these approaches to Canadian investors while strengthening the long-term relationship between the two organizations.
