Manulife Financial, together with its subsidiaries, provides financial products and services throughout North America and has a significant presence across the Asia Pacific basin. Services focus on wealth and asset management, and the company’s product suite includes a range of insurance and annuity products. Manulife also operates a Schedule B bank (Manulife Bank).
Wealth Builder
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Income Investor
Looking forward, Manulife should benefit from the tailwinds that will underpin the financial sector through the next 18 to 24 months. The difference with Manulife is that, unlike the banks, lower interest rates are a headwind. Insurance companies are net buyers of fixed income assets, so lower rates can squeeze margins. However, Manulife, like Power Corporation, has a large wealth management division and, unlike Power Corp, is a schedule B bank, which should offset any potential downside that might come from lower interest rates. - Richard Croft
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MFC was first recommended here on February 6, 2012