TODAY'S BUSINESS HEADLINES

PAL, Cebu Pacific ask regulator to deny Emirates' bid to mount 'colorum' flights 21-Dec-14, 11:35 PM | Darwin G. Amojelar, InterAksyon.com

Robinsons Retail to expand existing formats next year 21-Dec-14, 11:19 PM | Krista Angela M. Montealegre, InterAksyon.com

Two SME stocks outperform the Philippine market this year 21-Dec-14, 10:59 PM | Krista Angela M. Montealegre, InterAksyon.com

Philippines plans air talks with 4 countries in first half of 2015 21-Dec-14, 10:47 PM | Darwin G. Amojelar, InterAksyon.com

Philippine stock market seen taking cue from overseas news on shortened trading week 21-Dec-14, 10:36 PM | Krista Angela M. Montealegre, 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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