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Sun Life Global Investments cancels proposed fund merger

By The IJ Staff | September 18 2017 11:30AM

Sun Life Global Investments announced Sept. 15 that it is cancelling the merger of Sun Life MFS Canadian Equity Fund and Sun Life MFS Canadian Equity Value Fund into Sun Life MFS Canadian Equity Growth Fund.

The merger had been announced on July 24, 2017. The two funds reopened to investors on Sept. 15, after having been capped on July 24.

The name and investment strategies of Sun Life MFS Canadian Equity Class will remain unchanged, as well as the underlying fund for Sun Life MFS Canadian Equity Class.

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