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The Sun Life Financial building in Toronto.
The Sun Life Financial building in Toronto.
(Michelle Siu For The Globe and Mail)

Sun Life mirrors own portfolio in new asset management arm

The new asset management business of Sun Life Financial Inc. will open three pooled funds targeting institutional investors next week, and investors should expect a smaller version of the Canadian insurer’s own portfolio.

Sun Life Investment Management Inc. has seeded the private debt, real estate and commercial mortgage funds with about $650-million. But that investment isn’t cash – Sun Life has moved assets from its parent company into the funds to recreate its investment strategy.