Manulife AM targets asset allocation build-out
The firm is seeking to strengthen its team, reasoning that the great rotation is a reality and that Asia’s aging society requires better income security.
Manulife Asset Management is seeking to build out its asset allocation team in Asia based on expectations of the great rotation amid the low interest-rate environment combined with the region’s aging demographics.
The firm, which manages more than $100 billion in asset allocation strategies out of its $248 billion global AUM, introduced a dedicated two-strong Asian team in Hong Kong last year, and anticipates hiring more professionals this quarter.
“We think the asset allocation…
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