TORONTO, Dec. 15, 2015 /CNW/ - Manulife Asset Management announced today that the assets it manages in Canada* have surpassed C$100 billion, reaching C$109.5 billion at the end of September. This represents a 58 per cent increase in Canadian assets under management since September 30, 2014.
"Together with our Manulife affiliates, we extend our thanks to our clients for their continued trust and patronage," said Warren Thomson, Chairman, Manulife Asset Management. "Our rapid growth of assets in the last year alone reflects their confidence in us and has driven the dynamic growth of our Canadian business."
"We are pleased with the growth we are seeing in the Canadian business, given that it is a core market for us and that the growth is coming from both institutional and retail clients," said Kai Sotorp, President & CEO, Manulife Asset Management. "This is an historic milestone we celebrate today and for which we thank our clients in Canada and around the world."
"Our firm's recent acquisition of Standard Life Investments Canada, as well as organic growth driven by our institutional and affiliates sales, all contributed to reaching this exciting milestone," said Roger Renaud, President, Canada, Manulife Asset Management.
The firm manages a wide range of public and private Canadian asset classes, including public equity, fixed income, asset allocation, liability driven investing, private placement debt, commercial mortgage loans, real estate, farmland and timberland.
*Where the assets are managed, not the location of the clients for whom they are managed.
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 September 30, 2015, assets under management for Manulife Asset Management were approximately C$393 billion (US$294 billion).
Additional information about Manulife Asset Management may be found at ManulifeAM.com.
Manulife Financial Corporation is a leading international financial services group providing forward-thinking solutions to help people with their big financial decisions. We operate as John Hancock in the United States, and Manulife elsewhere. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. At the end of 2014, we had 28,000 employees, 58,000 agents, and thousands of distribution partners, serving 20 million customers. At the end of September 2015, we had $888 billion (US$663 billion) in assets under management and administration, and in the previous 12 months we made more than $23 billion in benefits, interest and other 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. Follow Manulife on Twitter @ManulifeNews or visit www.manulife.com or www.johnhancock.com.
SOURCE Manulife Asset Management
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