We continue to be impressed by Sun Life's transformation into a safer company.
Sun Life’s second-quarter results largely show the company maintaining its course. Underlying annualized ROE for the quarter came in at 14%, in line with last year’s results and more recent quarters. While Sun Life is performing fairly well at the moment, we continue to believe that the company lacks a moat. We will maintain our CAD 50 and $39 fair value estimates.Looking across segments, Canada saw a slight dip in underlying net income year over year, while the U.S. and Asia saw a strong impro...
Sun Life Financial is a holding company. Through its subsidiaries, Co. is an international financial services organization providing a range of protection and wealth accumulation products and services to individuals and corporate customers in Canada, the U.S., the U.K., Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam and Bermuda. Co. manages its operations in four business segments: Sun Life Financial Canada, Sun Life Financial United States, MFS Investment Management and Sun Life Financial Asia.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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