Philippines-based COL Financial Group has entered into an agreement with Sun Life Financial to expand its product offerings.
Under the agreement, COL will acquire a mutual fund distributor license from the Securities and Exchange Commission (SEC), according to InterAksyon.
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As part of the agreement, COL will distribute Sun Life’s mutual funds and will invest in few other funds of Sun Life based on the needs of its customers.
Last week, COL Financial Group also partnered with the Bank of the Philippine Islands (BPI) Asset Management and Trust Group to make its unit investment trust funds (UITFs) available online.
COL, with a market share of 24%, has over 70,000 customers and US$1 billion in customer assets.
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