Sun Life Global Investments provides opportunity to better diversify while reducing risk

Canadian mutual funds bring global edge to investors

TORONTO, April 27 /CNW/ - Sun Life Global Investments (Canada) Inc. today announced the addition of three Canadian mutual funds to its product platform. These funds build upon Sun Life Global Investments' commitment to bringing greater access and more choice to Canadian retail investors.

"Many Canadians have a strong home country bias when it comes to investing, however, our market is highly concentrated in just three sectors: materials, financial services and energy. Diversification is key when managing risk to meet investment and retirement needs," said Rick Headrick, President, Sun Life Global Investments (Canada) Inc. "Our new equity and balanced funds are core Canadian holdings, yet each has a global sector component which is important in reducing downside risk."

The new suite includes a Canadian equity and Canadian balanced mutual fund sub-advised by BlackRock Asset Management Canada Limited and BlackRock Institutional Trust Company, N.A., wholly-owned, indirect subsidiaries of BlackRock Inc. ("BlackRock(R)"), the largest asset manager in the world with over USD$3.5 trillion in assets as of December 31, 2010. The products, composed of index strategies and iShares(R) exchange-traded funds ("ETFs"), will draw on the strong approach to risk management of both Sun Life Global Investments and BlackRock.

The bond fund will be sub-advised by McLean Budden Limited - renowned for its reputation as a strong institutional money manager and one of Canada's oldest and most respected investment firms. The fund is the first Canadian fixed income investment solution offered by Sun Life Global Investments.

"The Sun Life BlackRock funds invest in many of the country's strongest companies while offering sectors that are under-represented in the Canadian market - through iShares global sector ETFs - and are perfect for investors looking to reduce the risk of their Canadian equity exposure," said Headrick. "For investors looking for fixed income solutions, the Sun Life McLean Budden Canadian Bond Fund provides access to a high quality core bond fund with some global exposure."

The new funds will be available through our extensive distribution reach, which includes Sun Life advisors, MFDA and IIROC advisors, and Sun Life's group retirement business through its segregated fund platform. For more information, visit www.sunlifeglobalinvestments.com/CanadianEquities.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

About Sun Life Global Investments (Canada) Inc.

Sun Life Global Investments brings together the strength of one of Canada's most trusted names in financial services, Sun Life Financial, with the best in global asset management from around the world to offer clients a line up of innovative, world-class solutions.

With access to investment managers located around the world, Sun Life Global Investments benefits from timely research on global asset managers. A rigorous selection and monitoring process provides access to best-in-class managers who use insight, innovation and informed decisions to manage some of the highest-quality investment solutions for Canadian investors. For more information please visit www.sunlifeglobalinvestments.com.

About Sun Life Financial

Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of December 31, 2010, the Sun Life Financial group of companies had total assets under management of $464 billion. For more information please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

Note to Editors: All figures in Canadian dollars unless otherwise noted.

SOURCE Sun Life Financial Inc.

For further information: Media Relations Contact: Nadine Ricketts, Media & Public Relations, 416-979-6273, nadine.ricketts@sunlife.com


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