Hints and tips:
...Manulife Asset Management has hired Ernest Yeung as managing director for wealth and asset management in China....
...Between mid-November and January, investors pulled more than $16bn out of loan mutual funds and ETFs....
...• Geoff Lewis has moved to Manulife Asset Management as an Asia senior strategist....
...Investors have ploughed around $1.5tn into ETFs over the past five years after growing dissatisfaction with the high fees and widespread underperformance of actively managed traditional mutual funds....
...John Hancock, the US arm of Manulife, the $888bn Canadian investment manager, also debuted a range of smart-beta ETFs last year....
...The £2.2bn sale of its Canadian unit to Manulife in January concluded that transformation....
...Two new business development directors have arrived at Old Mutual Wealth, the £82.5bn wealth management arm of Old Mutual....
...Among the older generation are SABMiller, the brewer, Anglo American, the miner and Old Mutual, the insurer, all of which trace their roots back to South Africa....
...“I think we should be looking in future for 5m-10m mutual fund investors.”...
...The former mutual has 1.3m retail shareholders....
...Gold Standard Until 2006 Standard Life was a staid mutual insurer. A stock market listing gave the group go-faster stripes....
...top 70 fund groups globally, just behind Canada’s Manulife....
...Active fixed income managers could also lose out, including ManuLife, Pimco, Prudential Investment Management, Tokio Marine and Diam....
...● Massachusetts Mutual Life Insurance Company has appointed Gary Smith as head of sovereign wealth funds and official institutions....
...● BlackRock has appointed Leo Seewald, chairman of Manulife Asset Management Taiwan, as country head for Taiwan....
...“We can only manage funds for locals via a local range of mutual funds.” With a mutual fund market of just $18bn in total, the expenditure involved is unappealing to many firms....
...A sale to the Co-op is sensible: the mutual is a known quantity and versed at integration after buying Britannia....
...Schroders is the biggest fund manager in Indonesia by assets, with Rp39,000bn ($4.6bn) in mutual fund assets under management as of March, according to figures from the Indonesian Mutual Fund Managers Association...
...However, the US life assurance market was hit hard by the financial crisis, leaving few companies with much to spend, and there are already other businesses on the market, such as Old Mutual’s US arm....
...Schroder is by far the biggest player with 24.8 per cent market share, with the local branches of Manulife, a Canadian company, and Fortis, a Belgian-Dutch financial group, leading the rest....
...Before joining Standard, he ran the Japanese arm of Manulife, the Canadian life assurer....
...Mark Tucker, Pru’s group chief executive, personally recruited Phong in 1996 in Hong Kong, where he was actuary for the Asian operations of Manulife Financial, the Canadian insurance company....
...to AIC, Canada’s biggest privately owned mutual fund distributor....
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