TORONTO and BOSTON, Oct. 4,
2017 /CNW/ -- Eight sub-funds of Manulife's Luxembourg UCITS
(Undertakings for the Collective Investment in Transferable
Securities) fund range, Manulife Global Fund, recently were
approved by the Chilean regulator, Comision Clasificadora de
Riesgo, for distribution to institutional investors in that
country. Manulife Asset Management is the investment manager of
these sub-funds.
Consequently, the firm has begun marketing the funds through a
distribution partnership forged earlier this year with Banchile
Administradora General de Fondos (AGF), one of the largest
financial industry leaders in the country.
The approved sub-funds of Manulife Global Fund are: American
Growth Fund, Asian Equity Fund, Asian Small Cap Equity Fund, Dragon
Growth Fund, Global Equity Fund, Healthcare Fund, India Equity
Fund, and U.S. Bond Fund.
"We are pleased to have obtained approval from Chilean
regulators and are moving ahead to provide investment solutions
through our UCITS fund platform," said Frank Saeli, head of distribution, U.S. &
Latin America.
"Manulife Asset Management has made a strong commitment to
serving institutional clients in Chile, and we look forward to a long and
productive partnership with Banchile AGF, one of the country's
leading financial institutions," he added.
Pablo Valero, Chief Investment
Officer at Banchile AGF, said: "With Manulife Asset Management, we
share many attributes, including reputational strength in the
institutional marketplace, and a consistent focus on solutions to
meet our clients' needs, and we also are confident that we will
share success in this new initiative."
Manulife Asset Management last year appointed Diana Stockwell to a new position as head of
Latin American sales and relationship management, as part of the
expansion of its global business footprint. Ms. Stockwell has spent
more than a decade working with clients in Latin America and more than 17 years in the
asset management industry.
"Our UCITS initiative in Chile
represents an important milestone in our overall engagement
strategy for Manulife Asset Management in Latin America, whereby we will seek out key
distribution partners and also will market our investment
capabilities directly with institutional investors," Ms. Stockwell
noted.
About Manulife Asset Management
Manulife Asset
Management is the global asset management arm of Manulife,
providing comprehensive asset management solutions for investors.
This investment expertise extends across a broad range of public
and private asset classes, as well as asset allocation solutions.
As at June 30, 2017, assets under
management for Manulife Asset Management were approximately
C$480 billion (US$370 billion, GBP£285 billion, EUR€324
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 is a division of Manulife Asset
Management. Additional information about Manulife Asset Management
may be found at ManulifeAM.com.
About Manulife
Manulife Financial Corporation
is a leading international financial services group that helps
people achieve their dreams and aspirations by putting customers'
needs first and providing the right advice and solutions. We
operate primarily as John Hancock in
the United States and Manulife
elsewhere. We provide financial advice, insurance, as well as
wealth and asset management solutions for individuals, groups and
institutions. At the end of 2016, we had approximately 35,000
employees, 70,000 agents, and thousands of distribution partners,
serving more than 22 million customers. As of June 30, 2017, we had over $1 trillion (US$780
billion) in assets under management and administration, and
in the previous 12 months we made $26.7
billion in payments to our customers. Our principal
operations are in Asia,
Canada and the United States where we have served
customers for more than 100 years. With our global headquarters in
Toronto, Canada, we trade as 'MFC'
on the Toronto, New York, and the Philippine stock exchanges
and under '945' in Hong Kong.
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SOURCE Manulife Asset Management