TODAY'S BUSINESS HEADLINES

Filipino employees of ADB score court victory against BIR 01-Oct-14, 5:55 PM | InterAksyon.com

Removal of overstaying cargo from Manila's ports accelerating, says Palace official 01-Oct-14, 4:42 PM | Darwin G. Amojelar, InterAksyon.com

Valuation concerns, overseas worries weigh on PH share prices 01-Oct-14, 4:26 PM | Krista Angela M. Montealegre, InterAksyon.com

PLDT board clears expansion of fiber-optic network 01-Oct-14, 3:25 PM | Darwin G. Amojelar, InterAksyon.com

8 more PPP projects up for NEDA approval 01-Oct-14, 12:24 PM | Rain Castro, InterAksyon.com

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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