TODAY'S BUSINESS HEADLINES

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MinDA sees Mindanao as emerging economic hub in ASEAN 26-Aug-16, 7:15 PM | Alex D. Lopez, PNA

Robredo praises BPI's 6,000-strong, millennial-led volunteerism 25-Aug-16, 10:44 PM | Tricia Aquino, InterAksyon.com

Business confidence at all-time high for Q3 26-Aug-16, 7:14 PM | Joseph A. Gamboa, Philippines News Agency

DOTr bares new plans to ease NCR traffic congestion 15-Aug-16, 3:57 PM | Gerard dela Peña, Bloomberg TV Philippines

COL Financial to distribute Sun Life mutual funds

InterAksyon.com means BUSINESS

MANILA - COL Financial Group Inc sealed a partnership with Sun Life to expand the former's product offerings.

In a disclosure to the Philippine Stock Exchange, the leading online brokerage said it inked a memorandum of agreement with Sun Life Asset Management Co Inc, subject to COL's acquisition of a mutual fund distributor license from the Securities and Exchange Commission (SEC).

"Under the MOA, COL may, upon instruction of its customers, invest in certain funds of [Sun Life]," the listed firm said.

Last week, COL struck a deal with Bank of the Philippine Islands – Asset Management and Trust Group to make the Ayala-led bank's unit investment trust funds available to the brokerage's customers through its online platform. 

COL is engaged in the business of brokerage and/or dealership of securities, and provides stock brokerage services through the Internet.

At end-September, COL was the number one stockbroker in terms of volume of transactions handled, with a market share of 24 percent.

 

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