Manulife Expands Asset Management Arm - Analyst Blog


In sync with the long-term strategy to grow its Asset management business, Canadian life insurer, Manulife Financial Corp. ( MFC ) has set up its latest unit named Manulife Asset Management Private Markets.

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 th 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 business. 

Manulife currently sports a Zacks Rank #3 (Hold).

Other life insurers like StanCorp Financial Group Inc. ( SFG ) with a Zacks Rank #1 (Strong Buy), and Lincoln National Corp. ( LNC ) and China Life Insurance Co. Ltd. ( LFC ) with a Zacks Rank #2 (Buy) are worth investing in.

CHINA LIFE INS (LFC): Free Stock Analysis Report

LINCOLN NATL-IN (LNC): Free Stock Analysis Report

MANULIFE FINL (MFC): Free Stock Analysis Report

STANCORP FNL CP (SFG): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: LFC , LNC , MFC , SFG

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