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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Manulife Financial Corporation    MFC   CA56501R1064

MANULIFE FINANCIAL CORPORATION

(MFC)
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Manulife Financial : Investment Management Announces Portfolio Manager Relocation

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09/15/2020 | 05:31pm EDT

C$ unless otherwise stated
TSX/NYSE/PSE: MFC     SEHK: 945

TORONTO, Sept. 15, 2020 /CNW/ - Manulife Investment Management announced today portfolio manager Christopher Chapman, managing director and portfolio manager on Manulife Investment Management's Global Multi-Sector Fixed Income Team, is relocating from London, U.K. to Boston, U.S, effective October 1, 2020.

After Christopher relocates on October 1, all of his portfolio management activities will be as a portfolio manager with Manulife Investment Management (US) LLC. With this move, Manulife Investment Management (Europe) Limited will be generally terminated as 'named' sub-advisor on the following funds, however, the London based analysts will continue to provide support to the Manulife Global Multi-Sector Fixed Income Team:

  • Manulife Global Fixed Income Private Trust
  • Manulife Strategic Balanced Yield Fund
  • Manulife Strategic Income Fund
  • Manulife Strategic Investment Grade Global Bond Fund
  • Manulife U.S. Dollar Strategic Balanced Yield Fund
  • Manulife U.S. Dollar Strategic Income Fund
  • Manulife Value Balanced Fund
  • Manulife Value Balanced Class

There are no changes to the team's investment process, investment strategies, or their respective decision-making. Portfolios will continue to be ordinarily managed on a global basis 24 hours a day, beginning with coverage from the team's Hong Kong portfolio manager and shifting to the Boston-based portfolio managers. Manulife Investment Management regularly reviews the overall resources, responsibilities and locations of the Global Multi-Sector Fixed Income Team. 

For more information on the Manulife Investment Management's Global Multi-Sector Fixed Income Team, visit manulifeim.com.

About Manulife Investment Management

Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 17 countries and territories. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We're committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement. 

As of June 30, 2020, Manulife Investment Management had CAD$900 billion (US$660 billion) in assets under management and administration. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.

About Manulife
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2019, we had more than 35,000 employees, over 98,000 agents, and thousands of distribution partners, serving almost 30 million customers. As of June 30, 2020, we had $1.2 trillion (US$0.9 trillion) in assets under management and administration, and in the previous 12 months we made $30.6 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 155 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.

SOURCE Manulife Investment Management

© Canada Newswire, source Canada Newswire English


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Financials
Sales 2020 66 738 M 50 166 M 50 166 M
Net income 2020 4 221 M 3 173 M 3 173 M
Net cash 2020 27 761 M 20 868 M 20 868 M
P/E ratio 2020 8,33x
Yield 2020 6,08%
Capitalization 35 227 M 26 380 M 26 480 M
EV / Sales 2020 0,11x
EV / Sales 2021 0,09x
Nbr of Employees 35 000
Free-Float 100,0%
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Number of Analysts 13
Average target price 23,50 CAD
Last Close Price 18,16 CAD
Spread / Highest target 48,7%
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Spread / Lowest Target -0,88%
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Managers
NameTitle
Roy Gori President, Chief Executive Officer & Director
John M. Cassaday Chairman
Rahul M. Joshi Chief Operations Officer
Philip Witherington Chief Financial Officer
Shamus Edward Weiland Chief Information Officer
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