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Manulife Asset Management Posts US$3.2 Billion in Net Institutional Sales Globally in First Half of 2014

September 13, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- 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."

Keywords for this news article include: Banking and Finance, Manulife Asset Management.

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Source: Investment Weekly News


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