Sun Life asset management units will gain from rates kept low by large deficits- CEO

TORONTO, Sept 9 (Reuters) - Sun Life Financial's (SLF) asset management businesses are "well-aligned" to low interest rates that are unlikely to rise significantly given high government deficit levels, its chief executive officer said on Thursday.

"Deficits are too large for governments to be incentivized to raise interest rates too much," Kevin Strain said at the Scotiabank Financials Summit, adding that taxes are also expected to rise as a result.

The company's two asset management units, MFS Investment Management, which focuses on equities, and SLC Management, which invests largely in alternative assets, are "built for a low-rate environment," he said. (Reporting By Nichola Saminather)

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