Firm moves to #30 in 2014 from 34th in 2013, based on institutional assets under management worldwide
TORONTO, June 26, 2014 /CNW/ - Manulife Asset Management is now ranked 30th among the world's largest money managers, with total worldwide institutional assets under management of US$263.4 billion (as at December 31, 2013), according to Pensions & Investments' 2014 annual rankings (published in May 2014). In the 2013 rankings, Manulife Asset Management ranked 34th with assets under management of US$238.78 billion (as at December 31, 2012).
"Our organization's consistent focus on excellence in wealth and asset management, supported by strong investment performance for our clients1, combined to help vault Manulife Asset Management four spots in a year in Pensions & Investments' ranking," said Warren A. Thomson, Senior Executive Vice President and Chief Investment Officer.
Results of the annual money manager ranking appeared in the May 26, 2014 issue of Pensions & Investments magazine. The publication ranked and provided data on 651 global asset management firms.
About Manulife Asset Management
Manulife Asset Management is the global asset management arm of Manulife Financial, providing comprehensive asset management solutions for institutional investors and investment funds in key markets around the world. This investment expertise extends across a broad range of public and private asset classes, as well as asset allocation solutions. As at March 31, 2014, assets under management for Manulife Asset Management were C$298 billion (US$269 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 and Declaration Management and Research are units of Manulife Asset Management.
Additional information about Manulife Asset Management may be found at ManulifeAM.com.
Manulife is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Clients look to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We also provide asset management services to institutional customers. Funds under management by Manulife Financial and its subsidiaries were approximately C$635 billion (US$574 billion) as at March 31, 2014. The Company operates as Manulife Financial in Canada and Asia and primarily as John Hancock in the United States.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife can be found on the Internet at manulife.com.
1 Past performance is not indicative, nor a guarantee, of future results.
SOURCE: Manulife Asset Management
For further information:
Beth McGoldrick, 617-663-4751, [email protected]