TORONTO and BOSTON, Aug. 28,
2014 /PRNewswire/ -- Manulife Asset Management, the
investment management arm of Manulife (TSX, NYSE: MFC),
continued to build momentum in its institutional business in the
first half of 2014, generating more than US$3.2 billion globally in net new sales.
In its second quarter 2014 earnings release, parent company
Manulife said assets managed by Manulife Asset Management reached
US$281 (C$300)
billion as of June 30, 2014,
an increase of US$18 billion from
December 31, 2013.
"Our sales so far this year demonstrate success across our U.S.,
Canadian and International sales teams, with several of our
investment teams winning significant institutional mandates from
large public pension plans, sovereign wealth funds, and
sub-advisory mandates," said Warren A.
Thomson, Chairman of Manulife Asset Management. "The numbers
show our clients are as diverse as the asset management mandates we
are undertaking."
New mandates year to date include:
- U.S. Large Cap Core strategy mandates with new clients in the
U.S., China, South Korea and Europe
- Strategic Fixed Income strategy mandates with new clients in
the U.S., Canada and Japan
- A US$1.3 billion mandate for the
Global Equity strategy by UK-based wealth management firm
St. James's Place
- Asia Pacific ex Japan Equity
mandate with a new client in Malaysia
"Manulife Asset Management has built a strong foundation,
leading with investment excellence and developing the sales
infrastructure necessary to win new business and strengthen
relationships with institutional prospects and consultants," said
Kai Sotorp, President and CEO, Manulife Asset Management. "The mid-
and long-term performance by our investment professionals continued
to be strong. Over the past two quarters, the majority of public
asset classes outperformed their benchmarks on a one-, three-, and
five-year time frame. Further, on a five-year basis, 70 percent of
our assets outperformed their peers."
"Our focus remains on continuing to provide solutions to
investors and expanding our business in North America, Asia, Europe
and the Middle East," he said.
Asset Allocation Fund of Fund Growth
In the first half of 2014, Manulife Asset Management's Portfolio
Solutions Group (PSG) was awarded a U.S. patent for its Target
De-Risking funds, a liability-driven investment solution for small
pension plans. In Canada, three
new first-half institutional mandates for Target De-Risking funds
totaled US$55 million.
In Asia, incremental wins for
asset allocation products across multiple countries totaled over
US$600 million.
Subsequent to the first half of 2014, PSG has continued to
strengthen its team, most recently hiring Peter Warnes as Head of Portfolio Solutions
Group, International.
PSG is responsible for asset allocation portfolio management
globally with solutions on North American and Asian retail,
retirement and variable life platforms. PSG manages more than 120
distinct investment portfolios, offering a variety of solutions for
investors including Target Risk, Dynamic Asset Allocation,
Alternative Asset Allocation, Target Date, and
Global/Country/Regional Allocation.
PSG provides asset allocation strategies to investors in
Asia, Canada and the US, and has grown from
US$14.4 billion in assets in 2003 to
more than US$118 billion as of
June 30, 2014.
Global Thought Leadership
The fifth report in Manulife Asset Management's Aging Asia
series analyzes the retirement duration for Asian households and
examines longevity risk, the risk that a retiree will outlive his
or her sources of income. Accompanying the report on the Aging Asia
website is a new tool, the Aging Asia longevity calculator, which
may be accessed at agingasia.manulifeam.com.
The firm issued the first research report in its new Investment
Insight thought leadership series, entitled "Omnichannel: A
reason for investors to re-think retail?" The report outlines how
changes in the way consumers shop are driving new investment
opportunities in markets around the world. It examines the
emergence of omnichannel retailing, a strategy that allows
customers to buy retail goods online, by visiting a store, or by
various combinations of physical and virtual shopping.
In its Inflation Guide, the firm offered insight on the outlook
for inflation and what it means for investors around the globe. For
the first time, the report included two animated videos: one
summarizing the outlook for inflation in major markets around the
world and the factors that could contribute to inflation and/or
deflation, and the other explaining why inflation matters to
companies and investors.
The firm has been proactively helping investors navigate
Japan's fixed income market under
Abenomics, Japanese Prime Minister Shinzo
Abe's unprecedented economic stimulus policy. It recently
released commentary on strategies which active asset managers can
employ to maximize excess returns on Japanese bond investing. This
commentary follows research reports which have addressed
implications for financial markets and implications for interest
rate strategy and credit strategy in a Japan fixed income context.
About Manulife Asset Management
Manulife Asset Management is the global asset management arm of
Manulife, providing comprehensive asset management solutions for
institutional investors and investment funds in key markets around
the world. This investment expertise extends across a broad range
of public and private asset classes, as well as asset allocation
solutions. As at June 30, 2014,
assets under management for Manulife Asset Management were
C$300 billion (US$281 billion).
Manulife Asset Management's public markets units have investment
expertise across a broad range of asset classes including public
equity and fixed income, and asset allocation strategies.
Offices with full investment capabilities are located in
the United States, Canada, the United
Kingdom, Japan,
Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the
Philippines. In addition, Manulife Asset Management has a
joint venture asset management business in China, Manulife TEDA. The public markets units
of Manulife Asset Management also provide investment management
services to affiliates' retail clients through product offerings of
Manulife and John Hancock. John
Hancock Asset Management and Declaration Management and Research
are units of Manulife Asset Management. Additional information
about Manulife Asset Management may be found at ManulifeAM.com.
About Manulife
Manulife is a leading Canada-based financial services group with
principal operations in Asia,
Canada and the United States. Clients look to Manulife
for strong, reliable, trustworthy and forward-thinking solutions
for their most significant financial decisions. Our international
network of employees, agents and distribution partners offers
financial protection and wealth management products and services to
millions of clients. We also provide asset management services to
institutional customers. Funds under management by Manulife and its
subsidiaries were approximately C$637.3
billion (US$596.9 billion) as
at June 30, 2014. Our group of
companies operates as Manulife in Canada and Asia and primarily as John Hancock in the
United States.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE
and PSE, and under '945' on the SEHK. Manulife can be found on the
Internet at manulife.com.
SOURCE Manulife Asset Management