In sync with the long-term strategy to grow its Asset
management business, Canadian life insurer,
Manulife Financial Corp.
) has set up its latest unit named Manulife Asset Management
As reflected by the name, the unit will offer solutions to
customers interested in investing funds in private asset class.
Manulife has a niche experience in asset management field. The
company banks heavily on its investment management team that has
been present in this market for decades.
Currently, Manulife has one-eighth of its total funds under
management of $559 billion invested in private asset class.
Manulife plans to invest a total of $72 billion in private
assets. Of this amount approximately 30% will be invested in
power, energy and transportation projects; about 28% will go into
property financing across United States and Canada; another 18%
will be put in timberland and farmland; 13.5% will be invested in
commercial real estate in Canada, the United States and Asia and
the rest of the fund will be invested in private equity,
infrastructure equity, mezzanine debt, and oil and gas.
Manulife is working adeptly toward expanding its asset
management business. During the most recently reported
third-quarter 2013, the company witnessed strong net wealth flows
which contributed to the 20
consecutive quarter of record funds under management.
The company's expansion efforts reflect the company's
long-term goal of growing higher return lower-risk
Manulife currently sports a Zacks Rank #3 (Hold).
Other life insurers like
StanCorp Financial Group Inc.
) with a Zacks Rank #1 (Strong Buy), and
Lincoln National Corp.
China Life Insurance Co. Ltd.
) with a Zacks Rank #2 (Buy) are worth investing in.
CHINA LIFE INS (LFC): Free Stock Analysis
LINCOLN NATL-IN (LNC): Free Stock Analysis
MANULIFE FINL (MFC): Free Stock Analysis
STANCORP FNL CP (SFG): Free Stock Analysis
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