MFS, the US-based mutual and institutional fund manager owned by the Canadian insurer Sun Life Financial, attracted net new money amounting to C$32bn (€23bn) in 2000, making it the fifth largest mutual fund company in the US.

The new money came in the face of falling markets, which had caused investors to flee from other managers, such as Vanguard and Scudder Kemper. Market falls caused the value of MFS's assets under management to fall by C$17bn. The combined effect was to increase the value of MFS's assets under management to C$221bn, including mutual and institutional funds.