Manulife Asset Management launched three actively-managed Unit Investment Trust Funds in its newest Asian market.
finews.asia reported recently that Manulife Asset Management and Trust Corporation, a subsidiary of Manulife Philippines, secured its certificate of authority to operate trust and other fiduciary business in the Philippines in June 2017.
The Toronto headquartered firm has wasted no time and announced the launch of Manulife Stable Income Fund, Manulife Income Builder Fund, and Manulife Equity Wealth Fund to investors in the Philippines.
Michael Dommermuth head of Wealth and Asset Management, Asia, for Manulife, recently said, «The Philippines is a promising market for the asset management industry given the rapid growth of the middle class population.»
Additions and Chanages
It has been a busy week for Manulife Asset Management with the firm appointing a UBS veteran as senior managing director, head of wealth solutions, wealth and asset management, Asia. In this newly created position based in Hong Kong, Emmanuel Bucaille takes regional oversight in formulating, articulating and implementing wealth solutions as well as product strategies for Manulife.
The firm also made a number of structural and leadership changes across its North American and Asian units. The Toronto based firm is bringing its Global Wealth and Asset Management units together into a primary reporting segment, Global Wealth and Asset Management.
