New York — Massachusetts Financial Services Co. (MFS) says that, so far this year, gross sales in its bank trust channel have increased 30% from a year earlier. A company executive says he thinks the Boston investment management company will be able to match that performance in the channel next year, even while it struggles with overall losses.
The mutual fund and separately managed account provider, which does business as MFS Investment Management and is majority owned by Toronto's Sun Life Financial Inc., says its assets under management declined 21% from a year earlier, to $162 billion as of Sept. 30, 2008.
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